Leading altcoin Cardano (ADA) is struggling to gain momentum today, as heightened market volatility fuels bearish sentiment on its price chart, while the broader cryptocurrency market is fluctuating, according to CoinMarketCap.
Cardano (ADA) is the 10th largest cryptocurrency, with the altcoin’s market cap standing at $29.31 billion. At press time, the altcoin is trading at $0.8202, having decreased by 1.6% over the past 24 hours. The price is moving in a bearish trend and is currently testing a resistance level near $0.8429.
If it breaks above this, the next target could be $0.8500. On the downside, the support level is around $0.8139. If the altcoin falls below this, we might see a drop towards $0.7500. With the market cap being $29.31 billion, the altcoin has a recorded 24-hour trading volume of $847.63 billion.
The blue line indicates the resistance level at $0.8429, while the yellow line represents the support level at $0.8139.
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $0.8400. Also, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting that the price is likely to keep decreasing for a while.
The signal line above the MACD line indicates a bearish crossover. The orange line represents the signal line, while the blue line indicates the MACD line.
The Relative Strength Index (RSI) indicates normal buying and selling activity in the altcoins network, as the median is shown between 60 and 40.
The RSI values of 49.78 and 42.88 indicate neutral market conditions, suggesting normal buying and selling activity.
According to Coincodex’s current price prediction for the altcoin, the price is predicted to rise by 29.41%
and reach $ 1.066673 by October 4, 2025, although the current sentiment is Bearish.
As per Coincodex data, over the next five days, the altcoin will reach the highest price of $ 0.828804
on Sep 09, 2025, which would represent 1.56% growth compared to the current price. This follows a -5.85% price change over the last 7 days.
After 8.59% in the past month, the altcoin is predicted to rise to $ 0.915299 in September. The projected trading range is expected to span from $ 0.819388 to $ 1.068088. This suggests a positive market outlook, with a potential return of 30.69% for investors.
Even after the bearish sentiment in the market, people expect a bullish trend in the long term, with almost 88% of the community voting for bullish sentiment.
Based on the current outlook for September, the altcoin might be experiencing a bearish trend for a while, as technical indicators reveal signs of weakening momentum.
Also Read: Cardano (ADA) Approaches $1 Resistance, Founder Points to $13 Billion Growth Since Launch
Also read: Bitcoin Maintains Strength at $112,000, Yet Experts Suggest A Presale Altcoin Could Rise 20x Even Faster
