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Cardano Tests Key $0.78 Support as Analysts Split on Rebound or Breakdown

Conflicting signals put the $0.75–$0.80 band in sharp focus.

Overview

  • ADA traded near $0.78 after intraday swings to about $0.76, with a reported 24‑hour decline near 3.7%, a market cap around $28.4 billion, and volume above $2.1 billion, signaling active trade during the pullback.
  • If the support holds, traders are watching a potential retest of $0.82–$0.85, while some chart watchers flag an October–November window that could, if resistance is flipped, open a path toward a speculative $1.50 target.
  • Bearish reads highlight a breakdown risk toward roughly $0.70 should $0.75 fail, with separate analyses pointing to possible extensions toward $0.69–$0.68 after a reported breach of daily support.
  • Technical views remain mixed as downward‑sloping moving averages and broken daily levels contrast with a noted bullish divergence that some analysts say could precede a rebound.
  • Fundamental updates cite added ADA liquidity for stablecoins, new venture initiatives and growing governance participation, with a reported corporate treasury purchase by Reliance Global Group offering further context.