Cardano is showing some strength again. The ADA price is up about 3% today, trading close to $0.85. After a slow August, the market is finally moving, and traders are wondering if this could be the start of a bigger push.
What you'll learn 👉
ADA Price Action This Summer
The summer was a rollercoaster for ADA. In June, the price slipped all the way down to $0.51, its lowest level in months. That drop shook out a lot of weak hands. Then, in July, ADA bounced back with force, running all the way to $1.01. That move gave holders some hope, but it didn’t last long. Sellers came back in, and by the end of August, ADA was trading near $0.80 again.
For the last few weeks, the chart has been much calmer. ADA has been holding between $0.80 and $0.86, building a base. Right now, it’s pressing against the higher end of that range, which makes the next breakout attempt very important.
The Relative Strength Index is sitting in the mid-60s. This shows that momentum is on the bullish side, but it’s not overbought yet. In July, RSI climbed into the 80s when ADA hit $1.01, which was a clear warning sign of a pullback. This time, the market looks healthier. There’s still room for upside before things get stretched.
Open interest has been sliding lower. That means there aren’t as many traders using heavy leverage right now. The last big ADA rally was fueled by aggressive longs, which later led to painful liquidations when the market turned. With open interest lighter this time, the rally has a better chance of being steady instead of choppy.
The data on long and short positions shows balance. Neither side is heavily in control. That’s good for stability because it keeps the market from tipping too far in one direction. Crowded trades often end in big flush-outs, and right now, ADA doesn’t have that problem.
What Could Drive Price Next
A few things will decide where ADA heads next. First, the $0.90–$1.00 zone is a big test. If buyers can finally break that wall, ADA could aim for $1.20 or $1.25 before the end of the year. If it fails there, the price might stay trapped between $0.75 and $0.90 for a while longer.
On the downside, $0.75 is the key support. If that level breaks, ADA might slide back to $0.60, where it bottomed out in June.
Beyond the charts, the bigger market will also play a role. If Bitcoin stays strong and Ethereum continues to recover, ADA could ride that wave higher. At the same time, Cardano’s own ecosystem updates, like new dApps or network improvements, could give it an extra boost.
Outlook for the Rest of 2025
Right now, the setup looks cautiously bullish. ADA has held above $0.80 for weeks, RSI is in a good spot, and traders aren’t overloaded with leverage. That makes the price action look healthier than it did during the July rally.
If ADA clears $1.00 in the coming weeks, the rest of 2025 could be much stronger. If not, patience may be needed as the market grinds sideways. Either way, the chart is in a better place than it was earlier this summer, and that alone is keeping holders hopeful.
Read also: Chainlink (LINK) vs Cardano (ADA) – Which Altcoin Could Gain More in 2025?
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
