Cardano (ADA) Price Prediction for August 9
Main Idea
Cardano (ADA) shows bullish indicators with potential for a price breakout above $0.81 resistance, supported by technical analysis and increased trading activity.
Key Points
1. ADA price rebounded from $0.68–$0.70 support, targeting $0.80–$0.82 resistance, with a potential breakout toward $0.88–$0.90.
2. Technical indicators (EMA cluster, Bollinger Bands, RSI, MFI, Parabolic SAR, DMI, Supertrend) all show bullish signals for ADA.
3. Open interest increased by 9.29% to $1.45B, and 24-hour trading volume surged 127.54% to $2.94B, indicating strong market participation.
4. A breakout above $0.8120 could push ADA toward $0.85–$0.90, while failure to hold $0.79 may lead to a retest of $0.76 support.
5. Overbought conditions (MFI at 85.37, RSI at 70.41) suggest potential for short-term pullbacks despite the bullish trend.
Description
Cardano price has moved sharply higher in recent sessions, recovering from early August lows near $0.68 to test the $0.80 zone. This upside push comes after a clean breakout from a descending trendline on the 4-hour chart, supported by rising derivatives interest and strong spot volume. The current challenge lies in overcoming the $0.81–$0.82 resistance, a zone that has capped rallies in the past month. Cardano Price Forecast Table: August 9, 2025 Indicator/Zone Level / Signal Cardano price toda...
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