Cardano is currently trading at $0.83, up 1.20% in the last 24 hours, as momentum slowly starts to build around the altcoin. After weeks of consolidation, ADA is showing signs of strength, with participants watching closely for a breakout setup that could set the tone for its next major move.
Cardano price is trading around $0.83, up 1.94% in the last 24 hours. Source: Brave New Coin
The Altcoin Season Index is climbing toward the critical threshold, currently sitting at 65, suggesting the market may soon move into a true altseason phase. Historically, this level has acted as a precursor for capital rotation out of Bitcoin and into alternative assets. Cardano, with its consistent developer activity and long-term community support, stands out as one of the coins that could capture significant inflows once this rotation gains pace.
Cardano eyes altseason momentum as the index nears a critical threshold, positioning it among top Layer 1 contenders. Source: Raphael Turcios via X
For ADA, the timing is particularly important. After months of consolidation and steady upgrades to its ecosystem, the coin is well-positioned to benefit from a wave of renewed interest in altcoins. If the index continues pushing towards the upper zone above 75, it could set the stage for broader momentum across major Layer 1 assets, with Cardano likely to be one of the prime beneficiaries.
Cardano is trading around $0.83, holding firm above the 50-week SMA near $0.74 and building a base for a potential breakout. The chart structure shows that ADA has a serious chance of targeting the $1.25 and $1.50 resistance levels if momentum continues to build. Both levels have acted as key rejection points in the past, and reclaiming them would mark a shift in sentiment after months of consolidation.
ADA holds steady above key support, with analysts eyeing $1.25 and $1.50 targets as September’s macro decisions approach. Source: Ssebi via X
Analyst Ssebi notes that factors such as possible rate cuts and ETF developments could provide the push ADA needs to move higher. With the RSI sitting around 53, there’s still room for upside before conditions become overheated, leaving space for a sustained rally.
Cardano has now managed to push above the 7, 25, and 99-week moving averages, a technical alignment that hasn’t been seen since its last major cycle run. This kind of structure often signals that momentum is shifting in favor of the bulls.
ADA flips above the 7, 25, and 99-week moving averages, signaling bullish momentum not seen since its last major cycle run. Source: TapTools via X
Trading above all three layers suggests that ADA is beginning to establish a stronger floor, reducing the downside risk that has dominated in past months.
TapTools highlights how this flip across multiple moving averages could serve as an early indication of broader trend continuation. Historically, ADA’s most explosive moves have come after clearing the 99-week MA, as it tends to act as the line between extended bearish phases and fresh bullish legs.
Despite all the bullish developments, $0.84 remains the key level to confirm a true breakout for Cardano. Price is compressing inside a falling wedge, and the upper wedge boundary currently intersects near $0.84. A clean move and close above that line would flip the pattern and signal a shift from corrective action to trend continuation.
Cardano ADA faces a decisive test at $0.84, with a breakout above the falling wedge seen as the trigger for a move towards $0.90–$0.95. Source: Ali Martinez via X
As Ali Martinez highlights, a decisive break of the wedge top around $0.84 would open room towards $0.90 to $0.95 area. If bulls can reclaim and hold above the breakout level, it would neatly align with ADA’s recent moving-average flips and the broader altseason backdrop, turning $0.84 from ceiling into support.
Cardano is at an important turning point, where technicals and market sentiment are starting to align in its favor. The break above long-term moving averages, combined with the broader setup of a falling wedge, shows that momentum is quietly building under the surface.
If buyers manage to flip $0.84 into support, it would not only confirm the breakout but also strengthen the case for ADA pushing towards $0.90 and beyond. In a market leaning towards altseason, this type of confirmation could act as the spark that shifts Cardano back into the spotlight.
Also read: Avalanche (AVAX) Price Prediction: ETF Momentum and On-Chain Growth Point Towards $100+ Breakout
