Overview
- ADA trades around $0.82–$0.83 as it tests the 50-day moving average, with analysts watching for a daily close that could open a move toward $0.90 and $1.00.
- Chart watchers flag the $0.90–$1.10 zone as the trigger area, with some projections pointing to roughly $1.80–$2.00 if a decisive breakout is confirmed.
- Key supports sit near $0.76 with a deeper line around $0.68, levels that analysts say are critical to keep the bullish structure intact.
- AMBCrypto reports a net exchange outflow of about $840K on September 6, Binance accounts skew nearly 3:1 long, and Cardano’s TVL rose to about $487 million with DEX volumes up week over week.
- Ali Martinez notes whales sold nearly 50 million ADA in 48 hours, tempering near-term momentum, while upgrades such as Leios, Hydra and Midnight plus ADA ETF speculation are cited as potential longer-term catalysts.