Cardano Price Prediction: Whale Selling Tests Bulls as ADA Consolidates for a Recovery Towards $1.00
The post Cardano Price Prediction: Whale Selling Tests Bulls as ADA Consolidates for a Recovery Towards $1.00 appeared on BitcoinEthereumNews.com.
Cardano is holding key support near $0.80, with rising on-chain activity and bullish signals suggesting a potential breakout towards the $1.00 level. Cardano is starting to catch the market’s eye again, as analysts point to a mix of bullish technical signals and rising on-chain activity that could hint at a stronger move ahead. ADA Cardano Price Showing Signs of a Bottom Cardano is holding around the $0.81 region, building what looks like a potential bottoming structure after a steady retracement from recent highs. The chart highlights a key support level at $0.68, which remains critical for bulls to defend. Price action has shown a gradual slowdown in selling pressure, with the latest candles suggesting stabilization before a possible reversal attempt. Cardano’s ADA holds firm near $0.81 as bullish divergence on the MACD hints at a potential reversal. Source: Mr Brownstone via X Analyst Mr Brownstone points out that the MACD is flashing a bullish divergence, with momentum indicators trending upward. This divergence signals weakening bearish strength and further strengthens the recovery narrative. If ADA maintains support above $0.68 and pushes through near-term resistance around $0.85, it could open the path for a stronger move back towards the $1.00 zone. Cardano On-Chain Activity Hits Record Levels Cardano just posted one of its strongest weeks in 2025, recording over $5.3 billion in on-chain volume within seven days. This sudden rise in activity highlights how quickly network participation is expanding, with transaction flows and liquidity both trending higher. Such spikes in volume often precede larger market moves, as they show renewed interest and confidence from both retail and institutional participants. Cardano’s on-chain volume surges to $5.3B in a week, signaling rising participation and stronger network engagement. Source: Mintern via X Analyst Mintern notes that alongside this surge, Cardano’s active addresses and open interest…
Filed under: News - @ September 3, 2025 6:26 am