🐢 [ADA Today] Testing Support — What’s Next for Cardano?
- Chris Ciari
- Jul 29
- 2 min read
🐢 [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.
