Cardano price is at risk of retesting $0.80 as trading volume plummeted 14%, but there is one problem

Cardano (ADA) faces a severe test, with its price struggling below the $0.8955 resistance level, down 3.6% in 24 hours amid a decline in trading volume. On-chain data shows that whales sold 30 million ADAs to settle for profit, which has exacerbated the selling pressure. Currently, the ADA is trading at $0.8786, and the failure to break through the $1 mark has disappointed investors, but 88.4% of community members are still optimistic about the ADA rebound and returning to the $1 level.