Cardano (ADA) is holding steady at $0.8216, despite a modest 3.68% decline over the past week. While it hasn’t mirrored the explosive moves seen in XRP or Solana (SOL), ADA remains a long-term favorite among patient investors.
Technical Picture: Resistance at $0.88 in Focus
The current sideways price action suggests consolidation, not capitulation. A key resistance level lies at $0.88, and analysts say a daily close above it could trigger the start of a slow grind toward $0.95.
“If ADA builds enough volume and crosses $0.88 with confidence, a measured move toward $0.95 is on the table,” says one market analyst.
However, without a clear breakout, ADA is likely to remain range-bound, especially in a market where risk appetite remains cautious.
Long-Term Confidence Remains Intact
Despite its muted short-term performance, Cardano continues to attract long-term holders who value its development roadmap and consistent upgrades.
Staking rewards, smart contract scalability, and the upcoming Chang hard fork are among the key catalysts that investors believe could re-ignite ADA’s momentum later this year.
Price Predictions for Next Week
With steady trading volume and a cautiously bullish crypto market backdrop, ADA’s next move hinges on breaking above $0.88.
- Base Case: Sideways consolidation between $0.80 and $0.88.
- Bullish Case: Breakout above $0.88 with targets at $0.91 and $0.95.
- Bearish Risk: A failure to hold $0.80 could open the door to a dip toward $0.75 support.
Outlook: August Could Be a Turning Point
As we head into August, Cardano’s price trajectory will largely depend on whether bulls can reclaim higher ground. For now, ADA is treading water, but a surge in volume or positive market news could quickly change the picture.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.