Cardano Price Prediction: ADA Targets $0.88 As Ecosystem Narratives Reshape Market Sentiment
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Cardano is trading around $0.82 at the time of writing, holding above the $0.80 support base while testing resistance from its multi-week descending structure. With ADA outflows signaling renewed selling pressure but ecosystem tokens gaining traction, traders are watching closely for a breakout attempt toward $0.88.
Cardano Price Consolidates In Symmetrical Triangle
The 4-hour chart highlights ADA consolidating inside a symmetrical triangle, with the $0.83–$0.84 range acting as immediate resistance. The 20, 50, and 100 EMAs cluster tightly around $0.82–$0.84, creating a congestion zone.
Parabolic SAR dots are beginning to flip underneath price action, suggesting an early attempt at momentum recovery. Still, a decisive close above $0.84 is required to validate a bullish breakout, while support at $0.80 remains critical for preventing downside continuation.
On-Chain Flows Reveal Renewed Outflows
On-chain data shows $1.03 million in net outflows on September 6, underscoring cautious sentiment. Persistent outflows over the past month highlight ongoing sellin…
The post Cardano Price Prediction: ADA Targets $0.88 As Ecosystem Narratives Reshape Market Sentiment appeared first on Coin Edition.
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