Cardano price confirms bullish retest as price enters oversold conditions

Support: $0.80 high-time-frame level, major volume support.
Resistance Target: $1.14 high-time-frame resistance if trend resumes.
Market Structure: Higher-low setup forming within a broader bullish trend.

Cardano’s latest pullback may appear to be weakness, but the charts suggest it could be the pause that refreshes.

Summary

After rejecting a recent swing high, ADA has retraced to the critical 80 cents support zone—a level reinforced by oversold conditions and heavy historical trading volume.
If buyers defend this area, the move could confirm a higher low within Cardano’s broader uptrend and set the stage for a rebound toward $1.14, though failure to hold would point to extended consolidation.

Cardano (ADA) corrected to high-timeframe support at 80 cents following rejection from the value area high. This zone could establish a higher low and sustain the broader bullish trend toward $1.14.

Cardano’s recent price action has taken a corrective turn after establishing a new swing high. The rejection from the value area high has brought ADA back into a significant support level at 80 cents. This zone represents not only structural support, but also an area where oversold conditions are forming.

Cardano founder Charles Hoskinson discussed teaming up with XRP to boost DeFi growth, adding a layer of optimism to the ecosystem. Historically, such levels have been used as springboards for continuation in bullish market structures, setting the stage for a potential recovery.