Cardano price today is trading near $0.77 after sliding below the $0.80 support zone earlier this week. The rejection from the $0.90–$0.92 Fibonacci cluster triggered a selloff that pulled ADA toward its lowest levels in over a month. Traders are now watching whether buyers can defend the $0.76–$0.77 floor or if downside momentum will extend toward deeper retracement zones.
Cardano price today is trading near $0.77 after sliding below the $0.80 support zone earlier this week. The rejection from the $0.90–$0.92 Fibonacci cluster triggered a selloff that pulled ADA toward its lowest levels in over a month. Traders are now watching whether buyers can defend the $0.76–$0.77 floor or if downside momentum will extend toward deeper retracement zones.
The 4-hour chart highlights ADA trapped under its 20, 50, 100, and 200 EMA cluster, which is now stacked between $0.83 and $0.85. The breakdown below this supply zone shifted momentum firmly in favor of sellers. Immediate resistance remains at $0.80, while stronger ceilings align at $0.83 and $0.84.
The RSI sits near 34, hovering close to oversold territory but not yet flashing a reversal signal. Momentum remains weak, and unless ADA closes back above $0.80, short-term bias stays bearish. Fibonacci retracement levels place downside risks toward $0.74 and $0.70 if $0.76 fails to hold.
Coinglass data shows a $2.57 million net outflow on September 26, underscoring the cautious positioning among traders. While net outflows typically suggest accumulation, the absence of strong inflows highlights a lack of conviction. Futures open interest has also cooled, reflecting defensive positioning rather than aggressive bullish bets.
For sustained recovery, analysts point to the need for consistent positive flows above $10 million, which historically mark cycle-driven rallies. Without such confirmation, ADA’s price action risks prolonged consolidation near current levels.
Market sentiment remains divided. A viral post from Minswap’s intern suggested that ADA could “easily” hit $10, pointing to historical cycle pumps of 6,000% and 3,000% in 2018 and 2021. The projection argues for a potential 1,500% rally from current levels, aligning with long-term cycle patterns.
Skeptics argue that while Cardano has shown explosive growth in past cycles, current on-chain activity and institutional flows remain subdued. They highlight that without ecosystem expansion or new adoption catalysts, ADA may struggle to replicate previous percentage gains. Still, historical cycle analysis remains a strong narrative among long-term holders who see ADA as undervalued below $1.
Cardano price prediction in the near term remains shaped by the $0.76–$0.80 range.
The broader structure remains bearish in the short term, but historical cycle comparisons suggest long-term upside potential remains intact if macro conditions stabilize.
The outlook for Cardano depends on whether buyers can reclaim lost ground above $0.80 before sellers extend control. On-chain data shows mild accumulation, but conviction remains weak compared to prior cycle bottoms.
In the near term, ADA risks retesting $0.74 if it fails to hold the $0.76 floor. A rebound above $0.83 would shift sentiment toward recovery and open the door for a retest of the $0.90 zone.
Long-term narratives, including cycle-based projections of a $10 ADA, remain alive but hinge on whether adoption and liquidity inflows align with historical precedents. For now, ADA remains at a pivotal juncture where technicals lean bearish but broader cycle patterns keep optimism alive for patient investors.