Cardano (ADA) has taken a hit, dipping 6.8% in the past 24 hours and breaking back below the $0.80 level. The decline comes just days after what seemed like a brewing breakout. Instead of building momentum, ADA is now trading near $0.75, according to CoinGecko , marking a pullback that’s

• ADA drops 6.8% in 24 hours, breaking below $0.80 support zone
• Open interest remains high at $917M, but fading RSI and BBTrend suggest caution
• Whale activity slows, with price vulnerability around $0.66–$0.64 if key support breaks

Cardano (ADA) has taken a hit, dipping 6.8% in the past 24 hours and breaking back below the $0.80 level. The decline comes just days after what seemed like a brewing breakout. Instead of building momentum, ADA is now trading near $0.75, according to CoinGecko , marking a pullback that’s beginning to challenge recent bullish sentiment.

Crypto analyst Dan Gambardello noted earlier this week that Cardano had been showing signs of healthy consolidation. But the market has now taken a step back. “The structure looked strong, but there’s no denying the current weakness,” Gambardello said in a new X post.

The much-discussed coiling formation has yet to translate into real upside. ADA remains above its 200-week moving average, but technical strength is softening. The monthly MACD still has room to climb, but momentum has clearly stalled — leaving the door open for more downside if buyers don’t step in soon.

Momentum Metrics Cool as Whale Activity Slows

Despite still-high open interest at $917 million, market sentiment is shifting. The Bollinger Band Trend (BBTrend), previously signaling strength, has pulled back to +8.99 — still elevated but no longer rising. RSI, which has slipped below 50, although a neutral zone where market activities seem busy but care is needed.

One point of interest is the ADA/USDT pair, which remains the second most-traded globally. However, this hasn’t translated into price support. Whale wallet activity, previously showing steady long positioning, has quieted down. Smart money may be stepping back until ADA confirms a new direction.

While weekly indicators like MACD and the Awesome Oscillator had shown bullish crossovers, their strength is now under pressure. With ADA’s price action failing to follow through, traders are questioning whether the rally was premature.

Crucial Support Ahead — Can ADA Hold the Line?

With price slipping under $0.80, ADA now faces a critical test of support. Immediate downside risk lies at $0.70–$0.73 around the 0.786 Fibonacci level. If those levels break, Cardano could be staring at a reset of the entire Q1 recovery.

On the flip side, if buyers manage to defend the $0.70–$0.75 zone and push the price back above $0.80, bulls could still attempt another move toward $0.85. But the current trend doesn’t favor quick rebounds.

Cardano’s recent higher-low formation may be invalidated if this downtrend continues. And while macro factors like Ethereum’s strength could still ignite an altcoin rally, ADA would need to reestablish momentum first.

Cardano’s recent dip is more than just a blip — it’s a warning sign. Despite high open interest and strong prior technicals, price action has turned against the bulls. With RSI slipping and whales dialing back, ADA needs a strong bounce to reclaim lost ground.

If support at $0.70 or $0.73 fails to hold, we could see further downside before any recovery. The bullish breakout may still be in play — but for now, the market isn’t buying it.

Traders should stay cautious. Cardano’s current setup feels less like the beginning of a breakout and more like a pause,  or worse, a reversal.

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