Cardano Price Falls 4.24% Below Key $0.95 Support Amid Bullish Technical Outlook

Cardano (ADA) experienced a notable price correction as it dropped below key support near $0.95, marking a significant shift in its recent bullish trajectory. The price had previously broken out of a long-term descending channel in mid-August 2025, establishing a foundation for potential upside [1]. Analysts had pointed to $1.12, $1.20, and $1.50 as critical resistance levels that could define the next phase of the token’s movement [1]. However, a sharp pullback of 4.24% in a single day saw ADA fall below $0.95, currently trading at $0.9043 at the time of writing [1].

Prior to this pullback, Cardano had demonstrated a consistent pattern of higher lows, indicating steady buying pressure despite broader crypto market volatility [1]. The $0.94–$0.96 range was identified as a crucial support zone for maintaining the bullish structure. Analysts suggested that a move above the $1.00 psychological level could serve as confirmation of renewed strength and validate the breakout [1]. According to Ali Martinez, a market analyst, holding above this support zone could reinforce the breakout attempt, with measured move projections from the channel suggesting a potential rally toward $1.50 [1].

Technical indicators also reflected mixed signals. The Relative Strength Index (RSI), which gauges momentum and signals overbought or oversold conditions, remained neutral at the time of writing [1]. Analysts noted this as an indication that the token still had room to move higher without immediate exhaustion [1]. Meanwhile, open interest in Cardano futures reached a record high, surpassing its 2021 peak. This rise in speculative activity, combined with the breakout structure, suggested that traders were positioning for larger price swings in either direction [1].

With the current technical setup, the path forward for ADA hinges on its ability to retest and reclaim key support levels. Analysts stated that a successful rebound near $0.95 could set the stage for another attempt at $1.12 and $1.20 [1]. A break above those levels could potentially bring $1.50 into reach. The stabilization of trading volume following the initial breakout surge also signaled that gains were being absorbed without heavy profit-taking, which analysts viewed as a sign of a more sustainable trend [1].

Market sentiment appears to be leaning in favor of Cardano. Traders and analysts alike have highlighted the token’s resilience as a constructive sign for the bullish case. Ssebi, a crypto analyst, noted that ADA was among the few large-cap tokens with the potential to deliver significant returns in the current market cycle [1]. He also pointed to the possibility of capital rotation from Bitcoin (BTC) and Ethereum (ETH) into alternative assets like Cardano, provided broader market conditions remain favorable [1].

Looking ahead, the key technical levels and growing speculative activity suggest that Cardano remains in a favorable position. While the near-term outcome depends on broader market sentiment and altcoin momentum, the neutral RSI, record futures open interest, and defined resistance levels indicate that ADA has not lost its structural support [1]. The coming weeks will be crucial in determining whether the current correction is a temporary setback or a sign of a deeper consolidation phase.

[1] https://www.thecoinrepublic.com/2025/08/16/cardano-price-falls-below-support-even-as-traders-target-1-50-level/