ADA Gains 2.67% as Traders Watch Key $1.00 Resistance

ADA, the native token of the Cardano (ADA) blockchain, saw a 2.67% increase over the last 24 hours as of August 21, 2025, according to CoinStats. On the hourly chart, the price of ADA attempted a breakout above the local support level of $0.8607 but failed to sustain the movement, indicating a possible continuation of the correction to the $0.85 zone if a bounce back does not occur by the end of the day [1]. The daily chart shows that ADA is within the range of yesterday’s bar, with neither bulls nor bears showing dominance, a situation corroborated by declining trading volume. As a result, traders are unlikely to witness sharp price movements in the near term [1].

From a mid-term perspective, the price remains distant from key resistance and support levels, with analysts emphasizing the importance of the $1.00 level. A successful breakout could push the price toward the $1.10–$1.20 range [1]. At press time, ADA was trading at $0.8642.

Analysts from AInvest suggest that ADA may see a short-term rally to $0.96 by the end of August, driven by whale accumulation and a test of the $0.88 resistance level [10]. Another forecast indicates that a breakout above $1.10 could lead to a more significant upward move in the coming weeks. This optimism is partially attributed to ongoing developments in the Cardano ecosystem, including the anticipated launch of the Hydra layer-2 solution, which some analysts believe could act as a catalyst for a $4 surge [5].

Conversely, more bearish forecasts have emerged. Changelly predicts a 1.1% drop in ADA’s price by August 22, 2025, based on technical indicators [4]. This aligns with broader market sentiment, as ADA continues to struggle to maintain value above $1.00 amid heightened market pressure [3]. Additionally, ADA has slipped further in the last week, reflecting a declining trend in the token’s performance.

Longer-term projections remain cautious. Brave New Coin highlights that while ADA could potentially reach $3.00 to $3.20, such a scenario would depend on significant structural improvements and broader market adoption [9]. In the near term, ADA is expected to consolidate above key support levels, with a critical focus on the $1.30 resistance. Failure to gain traction at this level may result in further downward pressure, particularly as alternative tokens with speculative growth potential continue to attract attention [3].

Retail traders and institutional investors are closely watching ADA’s performance amid ETF-related hopes and evolving market conditions. As the token remains in a consolidation phase, the coming days will be crucial in determining whether ADA can reestablish a bullish trajectory or face continued downward momentum. Investors are advised to monitor immediate technical signals and the broader market context before making trading decisions [7].

Source:

[1] U.Today – [https://u.today/cardano-ada-price-prediction-for-august-21](https://u.today/cardano-ada-price-prediction-for-august-21)

[3] Crypto Economy – [https://crypto-economy.com/cardano-hopes-fade-as-analysts-spotlight-sub-0-01-token-for-50x-explosive-growth/](https://crypto-economy.com/cardano-hopes-fade-as-analysts-spotlight-sub-0-01-token-for-50x-explosive-growth/)

[4] Changelly – [https://changelly.com/blog/cardano-ada-price-predictions/](https://changelly.com/blog/cardano-ada-price-predictions/)

[5] AInvest – [https://www.ainvest.com/news/cardano-ada-poised-4-surge-etf-hopes-hydra-launch-2508/](https://www.ainvest.com/news/cardano-ada-poised-4-surge-etf-hopes-hydra-launch-2508/)

[7] Brave New Coin – [https://bravenewcoin.com/insights/cardano-price-prediction-ada-consolidates-above-key-support-with-eyes-on-1-30-resistance](https://bravenewcoin.com/insights/cardano-price-prediction-ada-consolidates-above-key-support-with-eyes-on-1-30-resistance)

[10] AInvest – [https://www.ainvest.com/news/cardano-bounces-0-84-support-whales-accumulate-100m-ada-2508/](https://www.ainvest.com/news/cardano-bounces-0-84-support-whales-accumulate-100m-ada-2508/)