Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

Cardano Jumps Above $0.85 as $0.84 Breakout Test Puts $0.90–$1.02 in Play

A sustained close above $0.84 would validate the falling‑wedge setup, opening room toward $0.90 to $1.02.

Image

Overview

  • ADA traded around $0.83–$0.85 into Tuesday, with NewsBTC noting an advance to about $0.851 after price pierced the flagged threshold.
  • Analyst Ali Martinez highlighted $0.84 as the key confirmation level on a 4‑hour falling‑wedge pattern that developed since mid‑August.
  • Short‑term momentum improved as the 4‑hour RSI hovered near 58 and the MACD registered a bullish crossover.
  • Coinglass shows OI‑weighted funding turning positive since September 2 and DeFiLlama reports an all‑time high $40.37 million ADA stablecoin market cap, indicating firmer risk appetite.
  • Key levels watched include resistance near $0.83–$0.85 and supports at $0.77 and $0.72, with targets at $0.90–$0.95 and a conditional extension toward roughly $1.02 if strength persists alongside Bitcoin above $110,000.