Strong technical setup, DeFi growth, and governance win boost ADA’s bullish case for
Q4
Cardano ($ADA ) is approaching a critical resistance at $0.84, a level that could unlock a rally toward $1.30 if broken. At press time, ADA trades near $0.7691,
backed by bullish technicals, seasonal trends, and strong community sentiment.
Technical Setup Points to Rally
$ADA has broken free from a long-term descending channel that started after its
December 2024 high of $1.32. The price recently retested the breakout zone and
held above $0.72 — a strong sign of support. It’s now trading above its 50-day
moving average, with MACD and RSI turning bullish across
multiple timeframes.
Historical Q4 performance also favors ADA. Since 2023, Cardano has posted consistent gains in the final quarter, and August–September could see continued momentum if $0.84 is breached.
On-Chain Strength & Governance Boost
$ADA rally is fueled by growing DeFi adoption and a landmark governance
milestone. On August 3, a public treasury vote — approved by over 73% — funded
key network upgrades, marking a first in Cardano’s history. This strengthened
investor confidence, pushing market cap to $25.65B and daily trading
volume above $1B.
Cardano’s total DeFi value now exceeds $325M, reflecting increasing network activity. For bulls, holding above $0.76 and breaking $0.84 are the keys to confirming a trend reversal — and potentially paving the way to $1.30.