Cardano (ADA) Price: ADA Gains 8.7% Monthly as Market Cap Exceeds $30 Billion
TLDR
Cardano’s ADA token is trading near $0.856, with daily gains of +2.5% and monthly gains of +8.7%
ADA has successfully reclaimed the $30 billion market capitalization threshold
Technical analysis shows a bullish structure with higher lows throughout September
Key resistance levels are at $0.88-$0.90, $0.95, and the psychological $1.00 barrier
ADA’s strength comes amid Bitcoin and Ethereum consolidation, leading to capital rotation into strong Layer-1 alternatives
Cardano’s native cryptocurrency ADA has shown renewed market strength, breaking through key resistance levels and reclaiming an important milestone. The token is currently trading at $0.856, representing a daily gain of 2.5% and a monthly increase of 8.7%.
This price action has pushed Cardano’s market capitalization back above the $30 billion threshold, a psychologically important level for investors and traders alike. The recovery suggests that buyers are regaining control after weeks of sideways movement.
The timing of this move is noteworthy as many alternative cryptocurrencies have struggled to maintain momentum against Bitcoin’s market dominance. This positions ADA as one of the few major cryptocurrencies displaying genuine strength in the current market environment.
Data from cryptocurrency exchanges shows that ADA pulled back after testing price levels close to $1.00 earlier this month. However, the token successfully held the $0.83-$0.85 range, which has served as a foundation for its recent recovery.
Trading volume has also increased during this period, providing additional evidence of growing investor interest in the Cardano ecosystem.
Technical Outlook
The price chart reveals several encouraging signals for ADA holders. The token has established a pattern of higher lows throughout September, which typically indicates strengthening buyer interest and a potential momentum shift.
Clear resistance has formed in the $0.90-$0.95 range, with the psychological $1.00 mark representing a major hurdle. Maintaining support above $0.85 remains crucial for any sustained upward movement.
Key support levels include $0.85, followed by $0.83 and $0.80. On the upside, immediate resistance appears at $0.88-$0.90, then $0.95 before the $1.00 barrier comes into play.
The reclaiming of the $0.85 level is particularly important as it was a previous support zone that had been broken during earlier selling pressure. Recapturing this level suggests that the market structure may be turning more favorable for bulls.
Market Dynamics
Several factors appear to be driving ADA’s recent strength. Surpassing $30 billion in market capitalization often attracts institutional investment flows, as many funds have minimum market cap requirements for their cryptocurrency allocations.
Meanwhile, Bitcoin and Ethereum’s consolidation phase has led to capital rotation into strong Layer-1 blockchain alternatives like Cardano. This pattern is common in cryptocurrency markets, where investors seek opportunities in other major projects during periods when the largest cryptocurrencies are moving sideways.
If ADA manages to close above $0.90, momentum could drive a rally toward $0.95 with a possible retest of the $1.00 level. However, failure to clear the $0.90 resistance would likely keep the token trading within the $0.83-$0.90 range.
JUST IN: Cardano $ADA has reclaimed a $30 billion market cap. pic.twitter.com/jhssBRYZZN
— TapTools (@TapTools) September 8, 2025
A breakdown below $0.83 would risk a slide toward $0.80, which represents the next major support level based on previous price action.
The 1-month ADA/USDT chart on major exchanges reveals that the current price sits at $0.8563, reflecting the 2.54% daily gain mentioned earlier. The monthly performance showing 8.72% growth represents a strong bounce from the low $0.80s seen in previous weeks.
Cardano’s reclaim of a $30 billion market cap suggests bulls are regaining control of the price action. The trajectory remains constructive as long as buyers maintain support above the $0.85 level.
The post Cardano (ADA) Price: ADA Gains 8.7% Monthly as Market Cap Exceeds $30 Billion appeared first on Blockonomi.
Filed under: Bitcoin - @ September 9, 2025 10:25 am