🚀 [Market Update] ADA Challenges the $0.80 Barrier — Is $0.90 Next?
- Chris Ciari
- Aug 9
- 2 min read
🚀 [Market Update] ADA Challenges the
$0.80 Barrier — Is $0.90 Next?
Good morning from ASY Ashiya Pool 🌊
Here’s where we stand right now:
1 ADA = $0.7915
Market cap = $29.03B
ADA has been steadily grinding higher and is now testing the $0.80 wall. The recent price action shows ADA hovering between $0.78 high and $0.80 low, ready for a breakout.
📊 Market backdrop: ETH > $4,000, BTC Dominance slips
Ethereum has reclaimed $4,000, improving overall risk sentiment.
BTC dominance is slightly lower (around the 59–60% range), hinting at funds rotating into altcoins.
📰 Fundamentals: Trump EO & Midnight Airdrop
President Trump’s executive order aims to stop unfair “debanking” practices targeting crypto and political groups — a boost to market sentiment.
Midnight’s Glacier Drop airdrop is now live for claiming, keeping the Cardano community buzzing with activity.
🧭 Technicals (short-term)
Key resistance: $0.778 → $0.800First, ADA needs a clean break and daily close above $0.80.
Next targets: $0.85, then $0.90.If we clear $0.85, there’s relatively little turbulence ahead until $0.90.
🧩 What’s missing?
The catalysts are there (EO, airdrop, ETH strength), but ADA still needs sustained volume and a bit more help from BTC settling down. If ETH holds $4,000+ and BTC dominance dips further, altcoins could see an explosive push.
✅ Bottom line
Today’s key battle is the $0.80 line.
Clearing $0.778 → $0.80 could open the runway to $0.85 and $0.90.
Fundamentals are supportive — now we just need the spark.
ADA feels like it could break out suddenly. Let’s stay patient but ready.
Go ADA!!! 😉
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