Cardano Bounces Back, But Can Buyers Hold Key Support?

Cardano has found itself in one of its major support regions following months of intense selling pressure. The ADA price is currently trading near $0.1575, having bounced back by around 7% over the past week.

The rebound was initiated by buyers focusing on a demand zone between $0.1503 and $0.1545, according to crypto analyst The Boss. However, this is not considered a confirmed recovery yet, as buyers need to prove they can reclaim higher levels before the trend changes.

Despite the recent improvement, Cardano still trades at one of its deepest drawdowns among major cryptocurrencies, with the price remaining about 95% below its all-time high. Whale wallets continue to accumulate ADA coins, holding a total of 25.11 billion ADA, accounting for 67.5% of the circulating supply.

The upcoming Leios scaling upgrades and the August 2026 ETF milestone are expected to be key catalysts for the ADA price. If support near $0.1500 gives way, attention shifts back toward the $0.14 region, according to CoinCodex's 1-month ADA price prediction.