Cardano (ADA) Surges Past $0.82 as Bulls Target $0.90 Resistance
Caroline Bishop Aug 11, 2025 07:35
ADA trades at $0.82 (+1.43% daily) after breaking $0.75 resistance, with technical indicators suggesting continued bullish momentum toward $0.90 target.
Quick Take
• ADA currently trading at $0.82 (+1.43% in 24h) • Cardano's RSI at 59.98 indicates neutral momentum with room for upside • Recent 19% surge on August 9th broke key $0.75 resistance level • Community approved $71M upgrade package strengthening fundamentals
What's Driving Cardano Price Today?
Cardano has maintained its bullish trajectory following the significant 19% surge on August 9th that propelled the ADA price through the critical $0.75 resistance barrier. This breakout marked a pivotal moment for ADA/USDT, reaching $0.8141 and establishing new higher levels for sustained trading.
The momentum continues today with ADA price holding above $0.80, representing a 6.22% gain from recent lows. This price action validates the technical breakout and suggests institutional confidence in Cardano's near-term prospects.
Beyond technical factors, fundamental developments are providing additional support. Charles Hoskinson's announcement of an upcoming ADA holdings audit by mid-August addresses transparency concerns and demonstrates proactive governance. Additionally, the community's approval of a substantial $71 million upgrade package signals continued development momentum and long-term commitment to the ecosystem.
The combination of technical breakouts and positive fundamental news has created a supportive environment for the ADA price, with analyst Ali Martinez projecting potential targets as high as $5 based on similarities to the 2020-2021 bull run pattern.
ADA Technical Analysis: Bullish Signals Emerge
The Cardano technical analysis reveals multiple bullish indicators supporting the current uptrend. ADA's RSI reading of 59.98 sits comfortably in neutral territory, providing significant room for upward movement before reaching overbought conditions. This positioning suggests the recent rally has room to extend without immediate reversal risk.
Cardano's MACD indicator shows bullish momentum with a reading of 0.0150 above the signal line at 0.0133. The positive MACD histogram of 0.0017 confirms that bullish momentum is strengthening rather than weakening, supporting continued upward pressure on the ADA price.
The moving average structure reinforces the bullish outlook. Cardano trades above all major moving averages, with the SMA 7 and SMA 20 both at $0.78, providing immediate support. The SMA 50 at $0.71 and SMA 200 at $0.72 create a solid foundation for the uptrend.
Bollinger Bands analysis shows ADA positioned at 0.7475 within the bands, with the upper band at $0.85 acting as the immediate technical target. The current positioning suggests Cardano has room to test higher levels without entering extremely overbought territory.
Cardano Price Levels: Key Support and Resistance
Based on Binance spot market data, several critical Cardano support levels emerge from the technical structure. The immediate ADA support sits at $0.68, representing a significant retracement level that coincides with previous resistance-turned-support.
Stronger Cardano support levels extend down to $0.53, marking the major low that would need to hold to maintain the overall bullish structure. This level represents approximately 35% downside from current prices and serves as a critical invalidation point for the bullish thesis.
On the resistance side, ADA faces immediate resistance at $0.90, which represents a psychological level and potential profit-taking zone. Breaking above this level would target the stronger Cardano resistance at $0.94, representing approximately 15% upside from current levels.
The Bollinger Band upper limit at $0.85 provides an intermediate target, while the 52-week high of $1.23 remains the ultimate bull target, representing 50% upside potential from current ADA price levels.
Should You Buy ADA Now? Risk-Reward Analysis
For aggressive traders, the current ADA price presents an attractive risk-reward setup. Entry at $0.82 targets the immediate resistance at $0.90, offering approximately 10% upside with a stop-loss at $0.78 providing a 5% risk level. This creates a favorable 2:1 risk-reward ratio for short-term positions.
Conservative investors might consider dollar-cost averaging into positions, using the immediate support at $0.68 as a better entry point. This approach reduces risk while maintaining exposure to Cardano's longer-term upside potential toward the $0.94 target.
Swing traders should monitor ADA's ability to hold above the $0.78 support level, which represents the convergence of multiple moving averages. A break below this level would suggest the need to wait for a better entry opportunity near stronger support zones.
Risk management remains crucial given ADA's daily ATR of $0.05, indicating significant volatility. Position sizing should account for potential 6-7% daily moves in either direction based on recent trading patterns.
Conclusion
Cardano maintains strong bullish momentum with the ADA price holding above key support levels and technical indicators supporting continued upside. The recent breakout above $0.75 has established a new trading range, with immediate targets at $0.85-$0.90. Fundamental developments including the upcoming audit and approved upgrade package provide additional catalysts for sustained growth. Traders should watch for a break above $0.85 to confirm the next leg higher, while using $0.78 as a critical support level for risk management.
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