🐢 [ADA Today] Testing Support — What’s Next for Cardano?

🐢 [ADA Today] Testing Support — What’s Next for Cardano?

Hi there, from ASY Ashiya Pool 🌊Let’s break down what’s happening with ADA right now, based on the latest chart, market data, and trading sentiment.

💰 ADA Snapshot – July 29, 2025

• 1 ADA = ~$0.79 (down ~5% in 24h)

• Market Cap: ~$28.6 billion USD

• 24h Volume: ~$1.5 billion

After a strong start to the week, ADA is now showing signs of a pullback — but it’s not alone.

📉 Why Is ADA Dropping?

Other major altcoins like Ethereum (ETH) and XRP are also falling. This suggests it’s not just ADA — we may be seeing:

🔄 Short-selling💸 Profit-taking♻️ Rebuying at lower levels

Rather than panic, this looks more like part of the normal trading cycle in crypto.

🧭 Bitcoin Dominance Still High

• BTC Dominance: ~59–61%

This means Bitcoin still holds most of the market capital, limiting momentum for altcoins like ADA.

📌 Until Bitcoin dominance drops below 60%, big altcoin runs (like ADA) may be delayed.

🔎 ADA Support Levels (What to Watch)

Here are the key price points traders are watching:

Level	Meaning
$0.79	Current support zone
$0.782	Weak point — may break soon
$0.766	Strong support, critical level
$0.75	If this breaks, deeper drop may follow

Right now, $0.782 is the next immediate test. If it fails, $0.766 is where ADA needs to hold its ground.

🚀 What Could Flip the Trend?

To see ADA recover and climb:

• 🔽 BTC dominance needs to drop below 60%

• 🔼 ADA must reclaim $0.85

• 📰 Big ecosystem news like Midnight launches, Hydra updates, or dApp deployments

🐢 ADA Is a Long-Term Player

Cardano (ADA) is not about hype and fast pumps.It’s slow and steady, focused on:

• 🧪 Academic research

• 🔐 Formal methods

• 🌐 Scalable architecture

Even if price dips now, the fundamentals and roadmap remain strong.

🧡 From ASY Ashiya Pool

We’re more than just a stake pool.We're using ADA staking rewards to support children with disabilities, rare illnesses, and creative programs.

By delegating to ASY, you’re not just investing in ADA — you’re investing in real smiles.

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