#Cardano (ADA) Faces Short-Term Pressure Despite Weekly Gains — Key Levels to Watch

Cardano (ADA) has seen a 2% decline over the past 24 hours, signaling short-term selling pressure despite a 9.29% gain over the past week. The latest price action suggests a potential cooling-off period for ADA as traders eye critical support and resistance zones that could define its next move.

$ADA Price Overview

At the time of writing, ADA/USD is trading close to the $0.79 support zone, with sellers testing the resilience of buyers after a recent upswing.

24-hour performance: -2%

7-day performance: +9.29%

Market sentiment: Neutral-to-bearish in the short term, cautiously bullish in the midterm.

Hourly Chart: Testing Local Support

On the hourly timeframe, ADA is hovering just above the $0.79 level, which has acted as a local support in recent sessions.

If buyers hold this level, a rebound toward $0.80–$0.81 could be on the table.

If sellers break below $0.79, the correction may extend toward $0.78, where buyers could attempt to defend against deeper losses.

Technical observations:

#RSI : Gradually approaching oversold territory, suggesting the potential for a short-term bounce if selling slows.

#MACD : Showing weakening momentum after the recent rally, hinting at a consolidation phase.

Daily Chart: Buyers Lose Momentum

On the daily timeframe, ADA’s bullish momentum from yesterday has faded, with buyers failing to extend gains. The inability to build on the prior bullish close suggests that sellers are attempting to regain control.

Immediate support: $0.78

Major support zone: $0.76–$0.78

Resistance to watch: $0.82–$0.85 in the short term

If the daily candle closes near current levels, there is a high probability that ADA will test the $0.76–$0.78 range in the coming sessions.