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Cardano’s ADA Holds Near $0.86 as Volatility Tests Support Before $1 Challenge

A volatile session has refocused attention on a potential push through the $1 level.

Reading Cardano's latest signs - Will altcoin breach $1-level in September?

Overview

  • ADA traded around $0.86–$0.87 after a 10% intraday swing, with buyers defending support near $0.856, according to CoinDesk data.
  • CoinDesk Research flagged a sharp volume spike of 333.34 million tokens during a rally that briefly lifted prices to $0.963 before a reversal.
  • Technical coverage points to $1 as key resistance with $1.20 as the next target if a breakout confirms, while a drop below ~$0.84 would weaken the setup.
  • On‑chain readings remain mixed, with development activity down in 2025 and on‑chain volume reported ~90% lower than early November, as mean coin age trends higher suggesting accumulation.
  • Institutional interest continues to build, with ReserveOne‑reported figures citing roughly $73 million in year‑to‑date inflows and about $900 million held in custody, while Hoskinson’s AMA highlighted the Midnight Network and a possible Bitcoin integration as longer‑term catalysts.