The Cardano price is once again at a pivotal moment. After a sharp correction that saw ADA fall from recent highs above $0.90, the token has staged a strong bounce, reclaiming the $0.75 zone. This renewed momentum has given investors hope, but many are now asking the real question: can Cardano withstand the next wave of market pressure, or will it crumble under resistance?
With volumes surging and price action heating up, technical analysts and ADA holders alike are watching closely. The Cardano price has not only defended key support levels but is now approaching a major inflection point that could define its trend for the rest of August.
Cardano Price Reclaims $0.75 – A Bullish Signal?
As of today, Cardano price is trading around $0.753, posting a solid 3.5% gain in the last 24 hours. This bounce comes after a pullback from July’s local top near $0.91, which had many investors fearing a deeper decline. However, ADA has managed to hold its ground around the $0.70–$0.72 region, a level that previously acted as resistance in early July and now appears to be offering support.
Technically, this bounce is a bullish short-term signal, suggesting that buyers are stepping in before the token loses its mid-term bullish structure. The 15.74M volume spike confirms growing interest, though it remains to be seen whether this demand will be sustained or if it’s merely a relief rally.
Resistance Ahead: Why $0.78–$0.80 Is Crucial
Despite the positive price action, ADA now faces a major test: the $0.78–$0.80 resistance zone, which has acted as a key rejection area in three out of the last five rallies. In fact, the Cardano price struggled to maintain momentum beyond this level even during bullish sentiment in early July.
Breaking through this band will likely require a clear catalyst, either in the form of a macro crypto market breakout or a specific Cardano ecosystem development. Without that, ADA could once again be rejected, forming a lower high that signals weakening bullish momentum.
On the flip side, if ADA does manage to flip $0.80 into support, technical analysts point to $0.90 and even the psychological $1.00 level as possible upside targets by the end of Q3.
What’s Driving ADA’s Price Movement?
Several factors are influencing the current trajectory of Cardano price:
- Broader crypto sentiment: Bitcoin and Ethereum have both stabilized after last week’s ETF-driven dip, contributing to an overall market bounce.
- Cardano network upgrades: The ongoing Basho scaling phase continues to attract developers, and funding proposals for on-chain improvements were recently approved by the community.
- Staking confidence: Over 65% of ADA remains staked, suggesting strong holder conviction despite volatility.
However, it’s not all bullish. Cardano still faces criticism for slower dApp growth compared to rivals like Solana and Avalanche. And if the altcoin market cools off again, ADA could quickly find itself under pressure.
Analyst Outlook: Can Cardano Price Stay Above $0.75?
Most analysts agree that the Cardano price holding above $0.74 is crucial in the short term. According to multiple chart interpretations, the current structure remains bullish as long as ADA does not close below $0.72 on high volume.
Source: Trading View
One bullish indicator is ADA’s RSI, which has returned to a neutral zone, leaving room for further upside without signaling overbought conditions. At the same time, MACD on the daily chart is nearing a crossover, which could signal a potential move higher, if confirmed by volume.
Still, the decisive moment will come when ADA re-tests the $0.78 resistance. Whether it breaks through or gets rejected again could define the trend for the next 2–3 weeks.
Final Thoughts: What This Means for Cardano Price and Investors
The current momentum suggests that Cardano price could be setting up for another leg higher, but only if it can survive this critical test near $0.78. A breakout above that level could reignite interest and push ADA back toward the $1 mark. However, failure to do so might signal a longer consolidation or even another dip below $0.70.
For investors, this is a wait-and-see moment. The fundamentals remain strong, the community is active, and the blockchain continues to evolve. Yet in a market driven by short-term sentiment, ADA must prove it can sustain upward momentum.
Cardano price may be holding strong, but resilience will be tested soon.
