Cardano (ADA) remains within a tight trading range, indicating indecision in the market. At the time of writing, ADA is valued at $0.8668, showing a 0.45% decline in the past 24 hours. Despite small price fluctuations, the token has not demonstrated a clear breakout in either direction.
Current Price Performance
In the last 24 hours, ADA has traded between a low of $0.8465 and a high of $0.8778. The trading volume stands at $1.369 billion, indicating moderate activity but insufficient to drive a strong rally. The hourly chart reveals frequent swings but no sustained upward momentum.
24-hour price chart Source: CoinMarketCap
This hesitation follows recent volatility seen over the past week, where ADA surged toward $0.96 before dropping back. Sellers currently appear to have the upper hand, capping gains near $0.88.
Resistance and Support Levels
On the upside, ADA faces immediate resistance at $0.88, the intraday high. A breakout above this point could pave the way for the $0.90 region. However, failure to break above may keep ADA trading in a sideways pattern.
Related article: Cardano Price on the Edge: Will ADA Break $0.90 or Slip to $0.76?
On the downside, support is holding at $0.84. If bearish pressure intensifies, ADA risks retesting this level. A drop below could drag prices closer to $0.82, a key psychological zone. Cardano remains far from its all-time high of $3.10, set in September 2021, and is currently down by about 71.88% from that peak. However, long-term holders are still in massive profit compared to the all-time low of $0.01735 recorded in October 2017, representing a gain of more than 4921%.
Despite the recent sideways movement, traders remain cautious. The lack of strong momentum suggests consolidation, which often precedes larger moves. If buying pressure increases, ADA could attempt to retest the $0.90–$0.95 range. But if selling persists, it may remain stuck in the $0.84–$0.87 band.
Cardano’s 24-hour price action reflects a market waiting for direction. With ADA trading at $0.8668, both bulls and bears are maintaining their positions. A decisive breakout above $0.88 could spark optimism, while a dip below $0.84 may fuel further downside. For now, ADA remains in consolidation, leaving traders on alert for the next big shift.
