Cardano (ADA) is at a make-or-break point as its price hovers near $0.81 after a volatile summer. According to CoinMarketCap, ADA trades at $0.809146 with a daily trading volume of $1.28 billion. While the token slipped 0.01% in 24 hours, analysts say the bigger setup looks bullish.
Market analyst Ali Martinez highlighted that ADA must break above $0.88 to confirm a rally toward $1.20. His chart shows strong support between $0.78 and $0.82, which has repeatedly cushioned pullbacks. If this zone holds, ADA could target $0.92, $1.00, and eventually $1.23.
Technical indicators also favor a bullish outlook. ADA has been moving in an ascending channel since June, with its 50-day moving average crossing above the 200-day earlier in July. Though momentum cooled by late August, ADA’s current range between $0.81 support and $0.83 resistance suggests consolidation ahead of a breakout.
On-chain activity is booming. Analyst Mintern noted that ADA saw over $5.3 billion in on-chain volume in just seven days — one of its busiest weeks in 2025. Futures open interest surpassed $1.28 billion, active addresses reached 25.9K, and a “Very Bullish” sentiment rating emerged.
If ADA clears $0.88, traders may see a rally toward $1.20 backed by rising network strength and strong fundamentals.
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