Cardano Price Drops Below $0.80 as Bears Gain the Upper Hand in Market

Cardano’s price has fallen sharply, dropping below the crucial $0.80 support zone and currently hovering near $0.75. This decline comes after a recent failed attempt to break above resistance at $0.80. Analysts remain cautious about the short-term outlook for Cardano (ADA), with some noting that even though there has been strong historical performance, current market conditions are indicating weakness.