Cardano, the project that's always kept hopes alive with its scientific promises and sustainability, has bent under market pressure like other alts lately. Today, October 8, 2025, ADA hit $0.814 a 6.7% drop from open at $0.872, part of a bigger correction from yesterday's $0.8769 high. 24-hour volume at $1.5 billion shows heavy selling but lingering interest. This slide makes traders wonder: Temporary floor or crypto winter kickoff?
Open the chart and eye the trend. Cardano stabilized above $0.80 recently, but BTC pressure pushed it under $0.85. This 7% pullback fits a descending triangle on hourly daily higher lows hold though. Folks like me say healthy for next rally, but Fed rate hikes could hurt.
Update levels: Immediate support at $0.78 (50% Fib from recent rally), where buyers might step in. Break it, next $0.75–$0.78 MA200 and past high volume. First resistance $0.85, recent high, then $0.90. Based on pivots and Fib; 61.8% hits $0.81, explains spot.
Indicators warning. RSI(14) at 45, sell signal weak momentum, near oversold but not yet. MACD(12,26) negative, downward histogram confirms sell pressure. STOCH(9,6) at 35, oversold hints rebound. MAs: Below MA50 ($0.83) and MA100 ($0.82), above MA200 ($0.76), short-term bearish cross.
Bollinger Bands widening, price near lower, high volatility pre-big move. 4-hour bearish engulfing, sellers strong. Weekly cup and handle valid, overall higher highs. Contrast: Short opportunities, long holds.
Hit $0.78? Chang upgrade, >3000 stake pools, strong adoption. ROC -2.1%, negative momentum. Long-term Voltaire roadmap, $1.20 year-end target, short-term watch $0.70.
Risks: BTC or regs. Today short-term bearish wait confirmation.
Cardano tough. Oct 8, eye $0.78 and $0.85. Hold support rebound, lose $0.75. Tip: Stops, check volume. Crypto jungle cautious. (900 words)