Cardano Pullback to $0.78 After Breakout — Mixed Technical Signals

I observe Cardano (ADA) pulling back to $0.78, down roughly 5.3% over the past 24 hours, as traders take profits after a bullish breakout above the $0.80 resistance last week. This short-term retreat is a common consolidation phase following a breakout, and it reflects shifting trader sentiment in the near term.

From my perspective, the technical picture is mixed: momentum cooled after the surge, while some on-chain and price metrics still support the broader bullish thesis. I am watching price action closely to see whether $0.78 holds as short-term support or if ADA extends its correction toward lower support levels.