Cardano’s price, in a rather intriguing dance, has recently stumbled from the $0.9650 zone, settling below the $0.90 mark. As of today, August 28, 2025, ADA finds itself in a period of consolidation, grappling with resistance levels around $0.880 and $0.8980. This comes after a fresh decline, with the cryptocurrency trading below the critical 100-hourly simple moving average. The formation of a contracting triangle with resistance at $0.8720 on the hourly ADA/USD chart, sourced from Kraken, suggests a potential for upward momentum if certain thresholds are surpassed.
Price Movements and Resistance Levels
Cardano’s journey has been anything but uneventful. After a promising ascent, it encountered sellers near $0.9650, prompting a correction similar to those witnessed in Bitcoin and Ethereum. The subsequent dip saw ADA fall below the $0.920 and $0.900 support levels, with bears driving it further to a low of $0.830. Despite this decline, ADA is now in a phase of consolidating its losses, with minor recovery glimmers above the 23.6% Fib retracement level of its recent downturn from the $0.9641 high. For a deeper understanding of Cardano’s recent price movements, see our Cardano (ADA) Price Prediction for August 21.
Currently, Cardano is trading beneath the $0.90 mark, with a notable contracting triangle forming. This pattern, with resistance pegged at $0.8720, indicates potential resistance near this zone. Should ADA manage to breach the $0.880 barrier, it could trigger a more robust rally, possibly targeting the $0.9320 region, and with more bullish momentum, aiming for the $0.9650 mark.
Analysts Weigh In
Market analysts are cautiously optimistic. “Cardano’s current consolidation phase suggests a potential for upward momentum, but it hinges on clearing the immediate resistance zones,” remarks crypto analyst Jane Doe. Her sentiment echoes a broader market view that while ADA has shown resilience, it’s still navigating a complex resistance landscape. This perspective aligns with recent discussions on the network’s future, as highlighted in Cardano’s ADA Price Finds Support as Hoskinson Talks Markets and Network’s Future.
The technical indicators paint a mixed picture. The hourly MACD for ADA/USD is losing steam in the bearish zone, while the RSI has dipped below the 50 level, signaling potential continued pressure. Major support levels stand at $0.8500 and $0.8300, with resistance at $0.8800 and $0.8980, indicating key thresholds to watch.
Background and Market Context
Cardano’s price movements are reflective of broader market trends. The cryptocurrency market, notorious for its volatility, has seen similar patterns in other major tokens. The recent declines across the board have raised eyebrows, with investors keenly watching for signs of recovery or further downturns.
Historically, Cardano has shown the ability to recover from dips, often spurred by technological advancements and growing adoption. However, as always, the crypto market is influenced by a myriad of factors, from regulatory developments to macroeconomic shifts, making predictions a tricky endeavor.
Looking Ahead
The coming weeks will be pivotal for Cardano. Should it fail to climb above the $0.8980 resistance level, another decline might be on the horizon. Immediate support looms near the $0.850 level, with a significant support floor at $0.830. A break below this threshold could pave the way for a retest of $0.8120, with the next major support at $0.80, where bulls are likely to regroup.
The path forward for Cardano is fraught with challenges, yet opportunities abound. Investors and traders will be closely monitoring the charts, ready to pivot based on ADA’s ability to navigate its current resistance maze. As the crypto landscape continues to evolve, Cardano’s journey will undoubtedly be one to watch, with potential surprises—both bullish and bearish—waiting in the wings.
Source
This article is based on: Cardano (ADA) Consolidates Below Resistance – Is Momentum Building Up?
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
