Cardano (ADA) is currently trading at $0.78 after facing strong selling pressure around the $0.82–$0.84 range. Despite this, buyers are working hard to defend the $0.75–$0.76 support zone, which has become a crucial area for ADA in the short term. The market is currently weighing technical weakness against the long-term optimism stemming from the Cardano Foundation’s $50 million liquidity initiative, which could provide a significant boost to the ecosystem.