The post Cardano (ADA) Pullback at $0.91 After Triangle Breakout – Resistance Test in Focus appeared on BitcoinEthereumNews.com.

Tony Kim
Aug 16, 2025 11:31

ADA trades at $0.91 (-3.40% today) after breaking multi-month triangle pattern. Key resistance at $1.02 becomes critical test for continuation.

Quick Take • ADA currently trading at $0.91 (-3.40% in 24h) • Cardano’s RSI at 64.87 shows neutral momentum after recent breakout • Multi-month triangle breakout on August 14 drove 10.45% surge before current pullback What’s Driving Cardano Price Today? The ADA price action reflects a natural pullback following Tuesday’s explosive 10.45% rally that broke Cardano out of a multi-month triangle formation. Yesterday’s breakout pushed ADA toward the $1.0136 Fibonacci target level, but today’s -3.40% decline suggests profit-taking as traders reassess the next move. The recent regulatory clarity from SEC Chair Paul Atkins regarding Project Crypto has provided a supportive backdrop for the broader crypto market. His announcement that certain staking activities don’t classify cryptocurrencies as securities particularly benefits proof-of-stake networks like Cardano, though this positive news appears already priced into recent gains. Last week’s momentum that saw Cardano climb to $0.80 and approach the $0.92 resistance level has now evolved into a test of higher resistance zones. The current ADA price of $0.91 sits just below the critical $0.92 level that has been closely watched by traders. ADA Technical Analysis: Mixed Signals After Breakout Cardano technical analysis reveals a complex picture following the recent triangle breakout. The ADA RSI reading of 64.87 sits in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. This RSI level indicates the recent selling pressure hasn’t reached oversold conditions, leaving space for potential further declines. The MACD histogram shows a positive 0.0155 reading, indicating bullish momentum for Cardano remains intact despite today’s pullback. Cardano’s MACD line at 0.0426 above the signal line at 0.0271 confirms…

---

Filed under: News - @ August 17, 2025 4:24 am