Cardano’s ADA token is trading at $0.84 as technical indicators align for a potential breakout toward $1.05. The cryptocurrency has positioned itself above key moving averages while clearing up legal uncertainties that had weighed on sentiment.
ADA currently trades above its 50-day simple moving average of $0.83 and well above the 200-day SMA at $0.73. This positioning confirms the longer-term bullish trend structure remains intact despite recent volatility.
The Relative Strength Index sits at 50.15, indicating neutral momentum with room for expansion in either direction. The MACD histogram reading of -0.0082 suggests bearish momentum may be weakening as the indicator approaches a potential bullish crossover.
Bollinger Bands analysis places ADA at 0.36 within the bands, giving the token room to move toward the upper band resistance at $0.95. This level represents the first major price target for short-term traders looking at the technical setup.
The bullish case for ADA centers on a $1.05 target representing 25% upside from current levels. This target aligns with multiple analyst predictions and coincides with the 52-week high rejection zone at $1.14.
Technical progression requires ADA to first clear the $0.95 Bollinger upper band to trigger momentum buying. A successful break above this level would target $0.99 immediate resistance, followed by the psychological $1.00 barrier.
For the bullish scenario to materialize, ADA needs sustained daily volume above 80 million and RSI expansion above 60. Current 24-hour trading volume on Binance shows $69.7 million, providing adequate liquidity for sustained moves.
Conservative analysts suggest a more modest timeline with PriceForecastBot’s technical model pointing to $0.86 as a one-month target. However, the consensus among predictions centers around the $1.00-$1.05 zone for the next four to six weeks.
Cardano recently resolved a months-long controversy regarding its voucher redemption program through a comprehensive third-party audit. The forensic review conducted by law firm McDermott Will & Schulte and audit firm BDO examined tens of thousands of documents and conducted eighteen formal interviews.
BREAKING NEWS:
CHARLES HOSKINSON HAS BEEN CLEARED OF ALL ACCUSATIONS 😱😱😱
A forensic audit has officially cleared Cardano $ADA founder @IOHK_Charles of all accusations, putting an end to the controversy.
The report confirms that the claims against him were baseless,… pic.twitter.com/2SymgF0WWM
— Mintern (@MinswapIntern) September 3, 2025
The investigation determined that allegations against Input Output Global and Charles Hoskinson had no factual basis. Public accusations had included claims that insiders stole ADA allocated to voucher holders and that blockchain upgrades were designed to make redemption difficult.
The controversy began in May when NFT artist Masato Alexander alleged that Hoskinson had rewritten the Cardano ledger during the 2021 Allegra hard fork to control 318-350 million ADA. The audit found these claims were unfounded.
According to the review findings, 99.7% of all ADA sold through the voucher program has been redeemed. The audit revealed that 97.3% of vouchers were redeemed on-chain during the Byron era, with substantial efforts made to encourage redemption.
The investigation found that voucher certificates contained redemption codes rather than private keys, refuting claims that keys were deleted. The audit also concluded that Cardano insiders did not misappropriate staking rewards from unredeemed ADA.
Hoskinson expressed frustration with the process during an X Space session, stating the accusations went too far. The Cardano founder called for apologies from those who made the allegations and expressed hope the community could move forward.
The resolution removes a potential legal overhang that may have contributed to ADA price weakness earlier this year. With the controversy cleared, technical factors can now drive price action without regulatory uncertainty.
Current market conditions show the Stochastic oscillator at 32.71, suggesting ADA is emerging from oversold territory. This technical reading often precedes upward price movement when combined with other bullish indicators.
The risk scenario involves ADA failing to hold $0.78 support, which could trigger a decline toward $0.68. This level represents strong support and aligns with the 200-day SMA region.
The post Cardano (ADA) Price: Audit Victory Sets Stage for Potential Rally To $1 appeared first on CoinCentral.
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