Cardano Price Retesting $0.8 Line

Sellers are overpowering buyers

ADA Price Analysis –26 August

 Cardano can attempt testing the resistance potential of $1.0 and $1.2 if they can keep the price above the $0.90 hedge. If the $0.8 hedge is translated, the $0.7 and $0.6 support options will be taken into account.

Key Levels:

Resistance levels: $0.90, $1.0, $1.2

Support levels: $0.8, $0.7, $0.6

ADA/USD Long-term Trend: Bearish

The daily time span for Cardano is declining. Near the $0.6 support level, the chart displayed a double bottom formation on June 24. The price tried to break through the first hedging position before locating support close to the expected $0.6 level. However, the coin gets past the first anticipated obstacle. A bullish candle pattern was displayed on the daily map. Analysis of the $0.69 hedging position revealed bullish wicks. A positive attempt has been made since June. The price tested the $0.90 and pulled back attempting to retest $0.8 line.

The Cardano request seems to be firmly in the bulls’ grasp. With its rapid ascent below the Hull Suite forex signals indicator, Cardano is providing sellers with what they want. Cardano can attempt testing the resistance potential of $1.0 and $1.2 if they can keep the price above the $0.90 hedge. If the $0.8 hedge is translated, the $0.7 and $0.6 support options will be taken into account.

ADA/USD Medium-term Trend: Bearish

The 4-hour chart from Cardano displays a declinational trend. Two failed attempts to breach the 4-hour time period support level at $1.0 have occurred in recent weeks. The ADA’s value fell to $0.0.8 as more bears than bulls filed petitions and copping instigation rose. When the currency got close to the $0.9 mark, a bearish engulfing candle formed, signaling that sellers are controlling the market.

.8 Line" width="1281" height="571" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/08/4-hours-67.png"/> Although the QQE MOD index, a reliable source of forex indicators, is below the zero line and displaying a negative signal, Cardano is currently trading below and close to the Hull Suite Crypto points.

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