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Cardano price (ADA) slipped sharply on Friday, trading near $0.88 as bears test $0.885 support; short-term risk points to a move toward $0.84–$0.86 if daily close breaks below $0.8825, while a decisive rebound would target $1.00 resistance.
Market shift to red: Top coins showed declines on the last day of the week per CoinMarketCap data (plain text).
ADA hourly support sits at $0.8851; a daily close below $0.8825 increases downside risk.
Midterm resistance at $1.00 and next resistance near $1.1662; current trading price: $0.8836.
Cardano price falls to $0.88 as bears test support — monitor $0.8825 for breakdown or $1.00 for recovery. Read expert technical outlook.
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The market has quickly changed to red on the last day of the week, according to CoinMarketCap (plain text source mention).
Top coins by CoinMarketCap
What is the Cardano price doing today?
Cardano price (ADA) has fallen about 6.36% over the last 24 hours and sits near $0.8836 at press time. Front-loaded technical signals show hourly support at $0.8851, with the daily close level of $0.8825 critical for short-term directional bias.
How does the ADA/USD technical outlook look?
On the hourly chart, the immediate support to watch is $0.8851. If the daily candle closes at or below the $0.8825 level, downside momentum is likely to extend toward the $0.84–$0.86 correction zone.
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Image by TradingView
From a larger time-frame perspective, bears are attempting to seize initiative. Traders should focus on daily bar closure relative to $0.8825 to determine if a trend continuation is underway.
Image by TradingView
If a breakdown occurs, the technical projection targets a corrective move to $0.84–$0.86. Conversely, if buyers defend $0.885 and push price above short-term resistance, a recovery attempt toward $1.00 becomes more likely.
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From the midterm view, the key psychological level is $1.00. A clear breakout above $1.00 would open the path to the next resistance at $1.1662. Current trading conditions suggest elevated volatility and the need for disciplined risk management.
Image by TradingView
Why are traders watching $0.8825 and $1.00?
Support and resistance act as decision points. $0.8825 is a daily inflection that defines near-term bearish continuation. $1.00 is a psychological midterm level that signals buyer conviction if reclaimed.
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Frequently Asked Questions
What short-term targets should traders set for ADA?
Set immediate downside targets at $0.84–$0.86 if $0.8825 fails. Upside targets include $1.00 and $1.1662 if price reclaims and sustains moves above short-term resistance levels.
How can I reduce risk when trading ADA?
Use stop-loss orders below definite supports, size positions to limit capital at risk, and monitor daily candle closes for confirmation before increasing exposure.
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Key Takeaways
Immediate support: $0.8851 (hourly) and $0.8825 (daily close).
Downside risk: A breakdown may push ADA toward $0.84–$0.86.
Midterm resistance: Watch $1.00 and $1.1662 for potential recovery targets.
Conclusion
The Cardano price is in a fragile position after a 6.36% daily drop, with $0.8825 serving as the decisive short-term level. Traders and investors should follow disciplined risk management and monitor daily closes for confirmation. For continuous updates, consult COINOTAG coverage and technical charts from TradingView and CoinMarketCap (plain text mentions).
