ADA Stalls at $1 Wall as Sellers Clamp Down, Buyers Eye $0.77 Lifeline

Cardano’s native token ADA has been experiencing a consolidation phase around $0.80 in late August after multiple unsuccessful attempts to remain above $1. The key support levels have been identified at $0.77 and $0.70, with resistance at $0.90 and $1. Sellers have maintained strong pressure, preventing ADA from sustaining above $0.90, turning this level into a recurring resistance zone. Buyers may look to support near $0.77 to initiate a potential relief rally. However, the price action indicates weakness, with ADA making lower highs since the end of 2024. Despite these dips, the token has consistently found support above $0.50, showcasing resilience in the face of bearish pressure. The inability to break through the $1 threshold has been a recurring theme, underscoring the significance of this level as a psychological and technical barrier.

The trading volume profile further highlights ADA’s current state. After a spike in buying activity in mid-August, sellers retook control, resulting in only six daily candles closing in green since. The declining volume suggests a waning interest among sellers, potentially creating an opening for buyers to take over. This could lead to a short-term reversal in momentum, provided buying interest picks up. Technical indicators, such as the MACD and RSI on the hourly chart, suggest a slight bullish bias, with the RSI currently above the 50 level and the MACD gaining momentum.

Price developments also indicate a possible short-term reversal. Cardano started a fresh recovery from the $0.780 zone and is now trading above the 100-hourly simple moving average. A breakout above the $0.840 resistance zone could signal a stronger upward push, with the next key resistance level expected at $0.90. If ADA successfully clears this level, it could potentially rally toward $0.980 or even $1.00 in the near term. However, should the price fail to break above $0.840, it may face a renewed downward correction, with immediate support expected near $0.8250 and the $0.8180 level. A breakdown below $0.780 could trigger a deeper decline toward $0.750, a level historically associated with buying support.

Cardano’s price action is also influenced by broader on-chain activity. Despite ADA’s three consecutive monthly gains in Q3, with a 40% increase from its $0.57 base, on-chain activity has remained weak. Daily Active Addresses have dropped nearly 100% over the past three months, while Total Value Locked (TVL) has fallen to half its previous peak. This divergence between price and on-chain metrics raises concerns about market sustainability and the potential for volatility. ADA’s Open Interest (OI) also reflects this instability, having dropped from $1.87 billion to $1.54 billion after a brief spike to $0.96 in mid-August.

The recent integration with Chainlink is viewed as a potential catalyst for Cardano’s growth. The integration aims to unlock real-world data for smart contracts, addressing limitations in the UTXO model and enhancing flexibility for developers. This partnership is expected to bring more DeFi activity to the platform, although delays in implementation and integration costs have tempered immediate expectations. Additionally, the Midnight (Glacier) airdrop of Knight tokens to ADA holders could attract new participants, further boosting the ecosystem.

Looking ahead, analysts remain cautiously optimistic about ADA’s potential. Some predict a rally toward $15, though such a move would require significant market confidence and broader institutional adoption. The token’s strong performance year-over-year—gaining more than 150% compared to Bitcoin’s 93% and Ethereum’s 79%—demonstrates its ability to outperform major rivals. However, reaching $15 would push ADA’s market cap to around $547 billion, a level currently occupied by Ethereum. While this scenario is not considered out of reach by some analysts, most forecasts suggest a more modest range of $5 to $10. This aligns with historical trends and previous bull cycles, where ADA has shown strong growth from bear-market lows.

Source:

[1] Cardano Price Chart Today - Live ADA/USD (https://goldprice.org/cryptocurrency-price/cardano-price)

[2] Cardano (ADA) Signals Recovery – Is a Strong Upside ... (https://www.mitrade.com/insights/news/live-news/article-3-109076-20250903)

[3] How Many ADA Would It Take to Hit $1 Million? (https://coinedition.com/how-much-cardano-ada-needed-for-millionaire/)

[4] Cardano eyes Q4 push – But without Chainlink, can ... (https://ambcrypto.com/cardano-eyes-q4-push-but-without-chainlink-can-momentum-last/)

[5] Market Expert Explains Why Cardano Could Reach $15 (https://thecryptobasic.com/2025/09/03/market-expert-explains-why-cardano-could-reach-15/)