Bitcoin News Today: ADA's Price Dance Tests Cardano's Resilience Amid Emerging Rivals

Cardano's ADA token has seen recent price volatility, with a 3% decline in the last 24 hours as it traded near $0.87 following an overnight swing of more than 10%. The price action came amid a Friday AMA (Ask Me Anything) session led by Cardano co-founder Charles Hoskinson, who expressed optimism about the platform's future and highlighted the potential for the Midnight Network to enhance data privacy on the blockchain. Hoskinson also pointed to the Federal Reserve’s anticipated September rate cut and the possible passage of the Digital Asset Market Clarity Act as key catalysts for the broader crypto market.

ADA’s price appears to have found support around $0.856, with buyers stepping in at above-average volumes. The token’s volatility spiked to 10.48% during the session, reflecting shifting market sentiment and heightened sensitivity to macroeconomic cues. The broader crypto market also experienced a downturn, with the CoinDesk 20 Index falling over 3%. Despite the recent dip, ADA remains up 125% from a year ago, although it is down more than 70% from its all-time high of $2.90 in August 2021.

Analysts are closely watching whether ADA can break above the $1.02 resistance level to resume an upward trend. A recent chart analysis from TradingView suggests a potential leg down toward $0.51 before a larger upward move could materialize. This pattern implies a deep shakeout before a bullish resurgence, with a target rebound to $1.50–$1.80 if the consolidation plays out as expected. For now, the market is waiting for institutional investors and retail traders to gauge how regulatory developments and central bank policies might shape the next phase of the crypto cycle.

Cardano’s position as a top-tier blockchain is being tested by competition from newer projects offering higher growth potential and fresh narratives. One such example is Layer Brett ($LBRETT), an Ethereum L2 project that combines meme coin virality with institutional-grade infrastructure. Analysts argue that liquidity is increasingly flowing into these newer projects, which offer faster returns and more scalable solutions. While Cardano is not considered dead money, it would require perfect alignment of investor sentiment, technological upgrades, and sustained inflows to reclaim its former price levels. For now, it is seen as too large to deliver exponential returns and too slow-moving to attract speculative retail capital.

Against Bitcoin , ADA’s price currently stands at approximately 0.00000762 BTC per token. In the last 24 hours, ADA has seen a 2.2% decline, trading within a range of $0.8324 to $0.8777. The token’s trading volume has also dropped, with the 24-hour volume standing at around 18,516.7502 BTC. Despite the recent bearish pressure, ADA has outperformed the broader crypto market over the last month, gaining 9.20% against Bitcoin while the broader market fell by -3.80%. This relative strength suggests a potential floor for ADA’s price action in the near term.

The broader crypto market remains in a holding pattern as traders await key macroeconomic developments. Bitcoin, for example, is defending the $110,530 support level, with bears continuing to apply pressure despite a brief recovery. Ether and BNB have shown resilience, while Solana and Dogecoin are navigating consolidation phases. In this environment, Cardano’s ADA appears to be consolidating below critical resistance levels, with the next major test of its bullish momentum coming from whether it can break out of its current trading range.

Source: [1] Cardano's ADA Price Finds Support as Hoskinson Talks Network's Future [2] Cardano Price Prediction: Why ADA Price Could Be Impacted by the Rise of This New Ethereum L2 [4] ADA to BTC: Cardano Price in Bitcoin [5] SPX, DXY, BTC, ETH, XRP , BNB, SOL, DOGE , ADA, LINK [6] Cardano News Today: Top Analyst Warns ADA Could Lose Billions in 2026—Here’s the Safer Way Some Traders Are Playing It