Cardano Price Analysis: ADA Eyes $0.80 Retest Before Possible Breakout

At press time, ADA is priced at $0.8044, reflecting a 5.1% weekly decline and a market capitalization of $28.75 billion. Trading volumes have also dropped by more than 11% in the past 24 hours, signaling weakening momentum.

Well-known crypto analyst Ali Martinez suggested that ADA could slide to $0.80 once more before staging a breakout to the upside. His chart analysis highlights a falling wedge pattern, a structure that often precedes bullish reversals. If this setup plays out, ADA could see a surge toward the $0.90–$0.92 range in the near term.

Market indicators support this cautious outlook. The Relative Strength Index (RSI) has dipped near oversold levels at 31, hinting at a possible rebound if buyers return. Meanwhile, the MACD remains flat, suggesting a lack of strong directional momentum for now. Historically, such conditions have preceded price swings as traders wait for a decisive breakout.

ADA has struggled to maintain upward momentum since mid-August, consistently facing resistance near $0.95 and drifting lower over the past three weeks. The broader crypto market’s subdued sentiment and declining volumes have also weighed on performance.

Price Scenarios for Cardano

Bullish case:
If ADA holds above the $0.80 support zone and confirms a breakout from the wedge, momentum could carry the token toward $0.90 in the short term, with an extension to $0.92–$0.95 if buying pressure strengthens. A move above $0.95 would likely re-open the path to $1.00, a key psychological barrier. Bearish case:
Failure to defend $0.80 could push ADA down toward $0.78, with the possibility of testing $0.75 if selling intensifies. A drop below these levels would undermine the wedge pattern and delay any hopes of a recovery rally. Base case:
Given the weak volume and cautious sentiment, ADA may consolidate between $0.80 and $0.85 in the short term before a larger move takes shape. This scenario allows the market to reset indicators and prepare for a breakout attempt later in September.

Investors and traders are now watching closely to see whether Cardano can turn its current weakness into a base for recovery, or if the token risks slipping further before finding firm support.

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