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    Home»Ethereum»ADA could bounce back after retesting the $0.84 low; Check forecast
    Ethereum

    ADA could bounce back after retesting the $0.84 low; Check forecast

    Ethan CarterBy Ethan CarterAugust 20, 2025No Comments2 Mins Read
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    Cardano ADA price
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    Key takeaways

    • Cardano’s ADA is the worst performer among the top 10, losing 8% of its value in the last 24 hours.
    • The coin could recover above $1 soon after retesting the $0.84 low.

    ADA retests $0.84 amid bearish PA

    The cryptocurrency market has been bearish since the start of the week, and Cardano’s ADA has been the worst performer among the top 10 coins by market cap. ADA is down 8% in the last 24 hours and briefly dropped to the $0.8400 level.


    en

    The bearish performance saw ADA retest the TLQ at $0.8400 and could be getting ready for another leg-up after surpassing the $1 psychological mark last week. Its performance coincides with a massive sell-off in the broader crypto market, with Bitcoin briefly dropping below $113k earlier today.

    Ether also dropped below $4,200 while XRP and Solana have failed to keep their prices above $3 and $200, respectively.

    ADA to hit $1 if the $0.8400 support holds

    The ADA/USD 4-hour chart is bullish and efficient despite Cardano losing 8% of its value in the last 24 hours. The technical indicators are switching bearish, suggesting that sellers are currently in control.

    The RSI of 44 shows that ADA could be heading into the oversold territory if the bulls don’t regain control. The MACD lines have also crossed over into a bearish region. 

    ADA/USD 4H chart

    At press time, ADA is trading at $0.8491 as the $0.8400 support level holds. If the support level continues to hold, ADA could surge past the first major resistance level at $0.9570 before surpassing last week’s high of $1.0198.

    However, failure to hold the $0.8400 support level could see ADA take out the TLQ and drop to the next major support zone at $0.7685. An extended bearish performance would see ADA retest August’s low of $0.6820.


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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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