⚫Cardano (ADA) is holding support at $0.85 after correcting from $0.94. Despite selling pressure around $0.87–$0.88, large traders remain engaged, with long/short ratios above 3.0, signaling cautious optimism. A breakout above resistance could pave the way toward $0.90–$0.93 and potentially confirm the start of a new bullish cycle.
⚫Analysts are drawing parallels with 2021, when a similar consolidation phase preceded a major rally. As long as ADA stays above $0.85, the probability of retesting $1.00 remains intact. A drop below $0.82, however, could drag the market back into prolonged consolidation.