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Cardano Defends $0.80 Support as Retail Sentiment Turns Most Bearish in Five Months

Analysts highlight mixed signals that keep a rebound possible only if ADA reclaims $0.84.

Overview

  • ADA trades around $0.81–$0.84 with buyers protecting the $0.80 zone that has repeatedly served as support.
  • Santiment shows the crowd at its most negative in five months, a pattern that has historically preceded whale accumulation, with ADA up roughly 5% off the recent dip.
  • Ali Martinez cites a daily TD Sequential buy near $0.82, suggesting a potential attempt to retake the $0.84–$0.90 area.
  • Charts indicate a descending channel, price near the lower Bollinger Band, and a flattening MACD, with a break above the 20-day EMA near $0.84 opening $0.96–$1.02.
  • Failure to hold the base raises risk toward $0.69 or $0.54, though TapTools data still shows about a 25% gain over the past 90 days.