Cardano's Critical $0.80 Support Test: Technical Analysis Reveals Recovery Requirements

Cardano (ADA) struggles at $0.7739, dropping 6% in 24 hours and 16.5% weekly, as analysts emphasize the critical $0.80 support level for potential recovery. Grayscale's recent ETF launch includes 1% ADA allocation, providing institutional exposure while technical patterns suggest possible $3-$6 range if historical Fibonacci extensions repeat.