Hey there! So, imagine Cardano, which is a cryptocurrency, is like a team playing a game.
The "$0.8 support" is like their home base, or a strong defensive line. Every time the price of Cardano has tried to drop below 80 cents, it has been met with a bunch of buyers who keep it from falling further. This shows that people are confident in the coin at that price.
Now, the "key $1 psychological level" is like the next major goal for the team. Reaching a nice, round number like $1 is a big deal in the crypto world. It's a psychological milestone that can make people feel more bullish and excited, often leading to more buying and an even bigger price increase.
So, in simple terms, Cardano's price is holding steady at 80 cents, and traders are hoping it will make a big move soon to break through that dollar mark.
