Cardano (ADA ($0.43)) is currently trading at $0.87, reflecting a narrow but significant battle between bulls and bears over the past 24 hours. The token saw a low of $0.8657 and a high of $0.8864, showing that ADA is consolidating within a tight range after recent swings. Despite attempts to push higher, sellers continue to keep pressure around the $0.88 zone.

Trading volume remains strong at $1.172 billion, signaling steady investor participation even as volatility narrows. Still, ADA has yet to reclaim critical levels that would signal a sustainable recovery.

Market Context and Price Levels

Cardano’s current performance is far from its all-time high of $3.10, recorded on September 2, 2021. At today’s levels, ADA is trading more than 72% below that peak, a reminder of the challenges facing altcoins during extended consolidation phases.

Related article: Cardano Price Climbs as Trading Volume Skyrockets: Is $1 Next?

On the other hand, Cardano’s all-time low of $0.01735, seen on October 1, 2017, highlights the long-term growth the project has achieved. Even with the recent struggles, ADA is still up more than 4,894% from its bottom, proof of its enduring relevance in the market.

Key Support and Resistance

The $0.86 level has emerged as a critical short-term support zone, while the $0.88–$0.90 range remains an immediate resistance. A breakout above $0.90 could open the door for bullish momentum, while a sustained drop below $0.86 may expose ADA to further downside pressure.

24-hour chart Source: CoinMarketCap

Cardano’s fundamentals continue to attract attention, especially with ongoing network upgrades and its expanding ecosystem of decentralized applications. However, market sentiment will largely determine whether ADA can overcome its current stagnation.

Related article: Cardano Community Urges Coinbase to List Native Tokens After New Guide

In the short term, ADA is locked between support and resistance, leaving traders watching closely for confirmation of the next move. With strong trading volume and historical resilience, Cardano remains a project with long-term potential, but in the immediate frame, the $0.86 and $0.90 levels will dictate its next price direction.

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