$ADA Wavers.
Cardano (ADA) has shown a more volatile trading pattern compared to other altcoins. The price climbed from below $0.82 on July 19 to a local peak of approximately $0.88 before pulling back. This retreat came as the asset encountered resistance, pushing the price down toward the $0.85 range.
Currently, ADA trades near $0.8533 and holds close to the 20-period volume-weighted average. This proximity suggests a neutral short-term position, with no clear advantage to either buyers or sellers. The recent spike in volume during the pullback phase indicates active profit-taking and short-term hesitation among market participants.
Despite some upward momentum earlier, ADA has struggled to break above key resistance levels, keeping the asset within a range-bound formation. Traders are now focusing on whether the price can break out from its current range or fall below the recent support. Until either scenario plays out, the market may continue to see back-and-forth movement.