Cardano's Price Prediction for September 24: ADA's Price Drops by 0.18%

Cardano (ADA) price has fallen 0.18% since yesterday, with the hourly chart showing a decline after reaching a local resistance of $0.8233. The price is expected to test the $0.81 zone by tomorrow. On the longer time frame, ADA has almost tested the support level of $0.7819. Sideways trading in the range of $0.81-$0.84 is the most likely scenario.

Cardano (ADA) has seen a significant rebound in recent weeks, with the cryptocurrency's price climbing from a daily low of $0.80 to test the $0.90 resistance level Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. This upward momentum has been bolstered by an increase in ETF approval odds to 92%, indicating strong investor confidence in the asset's future prospects Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

Reliance Global Group has also added ADA to its treasury, citing the cryptocurrency's peer-reviewed, scalable design, energy-efficient proof-of-stake system, and growing real-world adoption as key reasons for the investment Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. This strategic move by a publicly-listed insurance and financial services firm underscores the long-term value that Reliance sees in Cardano.

On-chain growth signals have also been positive, with the Cardano mainnet surpassing 114 million transactions, highlighting steady adoption even during uncertain market conditions Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. This steady growth is a testament to Cardano's resilience and potential for future expansion.

Price Analysis

The weekly chart of ADA shows the asset pressing against the upper boundary of a descending wedge that has defined its price action since 2021. Currently trading above $0.82, ADA is testing the long-term descending trendline once more Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. A confirmed breakout above $0.85 with rising volume would likely open the door for a run toward $1.00, with $1.50 standing out as the next significant target if bullish momentum sustains.

Supporting indicators include narrowing Bollinger Bands, suggesting a volatility expansion is near, and a weekly MACD that is close to a bullish crossover. The RSI at 57 also signals room for further upside before becoming overheated Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. However, if ADA is rejected at resistance again, the risk of a pullback remains. A return to the $0.35–$0.45 accumulation zone would test long-term support, while a failure there could prolong the multi-year downtrend Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

Market Outlook

Cardano (ADA) has surged 15% since early September 2025, reaching $0.90 and boasting a market capitalization exceeding $31.7 billion Cardano Price Prediction: ADA Poised for New All-Time Highs; Here’s When and 2 Other Coins Ready for Huge Price Gains^[2]. This rally, fueled by a technical breakout and anticipation for a potential Cardano ETF approval, positions ADA as a top cryptocurrency to invest in. Trading volume has soared to $1.7 billion daily, reflecting robust investor interest.

Meanwhile, Little Pepe (LILPEPE) has raised $25.8 million in its presale, with stage 13 underway at $0.0022 per token. XRP, with a 600% gain since November 2024, also signals strong momentum Cardano Price Prediction: ADA Poised for New All-Time Highs; Here’s When and 2 Other Coins Ready for Huge Price Gains^[2]. These three tokens are capturing attention in the crypto market, promising significant returns.

Conclusion

Cardano (ADA) continues to demonstrate strong fundamentals and market resilience. With ETF approval odds surging to 92% and major institutional players like Reliance Global Group investing in ADA, the cryptocurrency is well-positioned for further growth. However, investors should remain vigilant for potential pullbacks and monitor key support and resistance levels.

References

Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1] https://coinedition.com/reliance-global-buys-ada-for-treasury-as-etf-odds-surge-to-92-cardano-eyes-1/
Cardano Price Prediction: ADA Poised for New All-Time Highs; Here’s When and 2 Other Coins Ready for Huge Price Gains^[2] https://financefeeds.com/cardano-price-prediction-ada-poised-for-new-all-time-highs-heres-when-and-2-other-coins-ready-for-huge-price-gains/