Cardano 24-Hour Price Analysis: ADA Holds Above $0.82 After Sharp Sell-Off – What Does This Mean for Traders?

Cardano (ADA) entered Monday trading with increased volatility, bouncing back from a steep decline over the weekend. After testing lows around $0.81, ADA is now stabilising near $0.8224, according to the TradingView 4-hour chart, with a decline of 4.40% in the last 24 hours. The correction has sparked fresh debates among traders, as ADA attempts to recover while maintaining critical short-term support.

The latest price swings highlight a growing battle between bulls attempting to reclaim higher ground and bears who continue to apply pressure. As a result, ADA’s near-term direction will largely depend on how it reacts to current support and resistance levels.

Bounce Expected If Support Level Holds

From the chart, ADA is attempting to consolidate after bouncing off $0.7997, its immediate support level. Holding above this zone is crucial for maintaining short-term bullish sentiment. Below this, a broader support region can be found near $0.70, which has historically acted as a strong demand zone.

On the upside, ADA faces stiff resistance at $0.9543. This level has capped multiple attempts to break higher, making it a key barrier that bulls need to overcome for further momentum. Until this resistance is cleared, ADA may continue oscillating within the current range.

RSI Suggests Bearish Pressure Persists

The Relative Strength Index (RSI) on the 4-hour timeframe sits at -11.68, reflecting ongoing bearish divergence. This suggests that sellers still maintain some control despite the bounce. However, the RSI is also approaching oversold territory, which could signal that a short-term rebound is possible if buyers defend the $0.80 region effectively.

Traders will be watching closely for a shift in momentum. A rebound in RSI alongside price stability above $0.82 could strengthen the case for an upward move toward $0.90.

Weekend Decline Raises Concerns

The latest decline highlights growing concerns that ADA may struggle to sustain higher valuations without strong buying support. Market analysts have noted that if ADA fails to hold above the $0.7997–$0.82 region, the next test could be the $0.70 support zone. Such a move would confirm a bearish continuation, potentially extending losses into the coming sessions.

For now, the bounce from $0.81 has provided some relief, but the recovery must gain traction to avoid renewed selling pressure.

Related article: Charles Hoskinson’s Bold Claim Sparks ADA Rally: Will Cardano Deliver?

What This Means for the Week Ahead

As Monday unfolds, ADA’s consolidation around $0.82 sets the tone for the rest of the week. Traders should monitor the $0.7997 support zone closely, as a decisive breakdown could open the door for a deeper correction toward $0.70.

On the other hand, a successful rebound and a push above $0.90 would increase bullish confidence and bring the $0.95 resistance level back into focus. If broken, this could reignite hopes for ADA to return above $1 in the medium term.

Conclusion

Cardano begins the new week with mixed sentiment, caught between immediate support at $0.7997 and stiff resistance at $0.9543. The RSI indicates persistent bearish pressure, yet oversold conditions may trigger a rebound. Traders should prepare for continued volatility, with ADA’s ability to hold above $0.82 playing a critical role in shaping the short-term outlook.

For now, the market remains cautious. If support holds, ADA could see a recovery toward $0.90–$0.95. But if sellers prevail, a retest of $0.70 support cannot be ruled out.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.