Can Cardano Price Hold $0.80 As eToro Staking Expands Access?
The post Can Cardano Price Hold $0.80 As eToro Staking Expands Access? appeared on BitcoinEthereumNews.com.
Key Insights: Analysts highlight $0.75–$0.80 support band as a key technical base for Cardano price. eToro launched Cardano staking in the US, offering access to over 40M users. Charts showed potential upside targets at $0.82–$0.85 if momentum held. Cardano price traded near important support levels in late September 2025, with participants weighing whether the token’s next move would confirm a breakout or expose further downside. eToro’s staking launch in the United States added a new catalyst, expanding ADA’s reach to millions of users. Analysts said the combination of technical support and adoption trends placed the token at a pivotal point. Cardano Price Defends Bull Market Support Traders observed that Cardano price held its ground along the so-called bull market support band on weekly charts. This level, often viewed as a dynamic moving average zone, functioned as a support base through most of the year. Analyst Jordan noted that ADA had been climbing gradually since early 2025 while repeatedly bouncing from this support. He said this pattern suggested underlying strength, with the $0.75–$0.80 zone forming a crucial reference for both chart watchers and sentiment. If ADA price continued to defend this area, Jordan projected the possibility of higher highs later in the year. He mentioned that, based on past cycles, such resilience often preceded stronger rallies. However, a decisive break below this band could shift momentum back to sellers and pressure the token further. At the time of writing, the ADA price was around $0.80. It had risen 0.39% in the past 24 hours, declined 1.29% over the past week, and was down 0.05% in the past month. Cardano Price Chart | Source: Investor Jordan, X Market Views Cardano Price as Undervalued Beyond chart levels, several community voices framed Cardano price as misaligned with its fundamentals. Commentator WhaleFUD said that the…
Filed under: News - @ October 1, 2025 8:29 am