$ADA

As of August 21, 2025, Cardano (ADA) is trading at $0.88**, showing a **rebound of approximately 3-4%** from its key support level of **$0.84. Here's a concise analysis:

📊 Key Points:

1. Price Action: ADA recovered from a weekly low of $0.84** (a critical support) to **$0.88, though it remains down ~9.82% over the past week.

2. Whale Activity: Large holders (whales) bought 130 million ADA in recent days, signaling confidence, while smaller investors sold 20 million tokens.

3. Technical Indicators:

· Mixed Signals: RSI is neutral at ~56, but MACD shows indecision.

· Golden Cross Formed: The 50-day SMA crossed above the 200-day SMA, historically a bullish pattern (e.g., past golden crosses led to 238% surges).

· Short-Term Death Cross: A bearish death cross appeared on the hourly chart, suggesting minor near-term volatility.

4. Support/Resistance:

· Immediate Support: $0.84 (break below could trigger selling).

· Resistance Levels: $0.90 (R1), $0.93 (R2), with $1.00 as a psychological target.

5. Market Sentiment:

· Futures funding rates turned positive (0.0072%), indicating trader optimism.

· Strong fundamentals: Cardano leads in GitHub developer activity and has 2,800 days of network uptime.

💡 Outlook:

Short-term momentum could push ADA toward **$1.00** if it holds above $0.84, but failure may lead to deeper corrections. Whale accumulation and the golden cross suggest long-term bullish potential.