🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
Cardano (ADA) maintains the key support at $0.80, with on-chain activity surging indicating a possible breakthrough of $1 | Cardano Price Prediction
Cardano (ADA) has recently formed a bottom structure around $0.80, with weekly on-chain volume exceeding $5.3 billion, setting a new annual high. The MACD indicator shows a bullish divergence, indicating a potential upward test of the resistance level at $0.85 in the short term. Despite whales transferring 30 million ADA over the week, creating selling pressure, analysts point out that as long as it holds above the $0.78–$0.80 support zone, ADA could still rebound towards the $1.00 target or even higher. In addition, although Cardano being removed from the U.S. blockchain data program has raised short-term concerns, it may lead the project to focus more on independent global ecological development in the long run.
Technical analysis shows signs of a bottom formation, MACD has exhibited a bullish divergence.
(Source: TradingView)
ADA is currently trading around $0.81, gradually forming a bottom pattern after retreating from recent highs. The key support is at $0.68, which is an important dividing line for bulls and bears. Analyst Mr. Brownstone pointed out that the MACD indicator has shown a bullish divergence, suggesting that the downward momentum is weakening and the possibility of a rebound is increasing. If ADA can hold above $0.68 and successfully break through the short-term resistance at $0.85, it may further target the $1.00 mark.
Record levels of on-chain activity, with both volume and active addresses rising.
Cardano on-chain activity has significantly increased recently, with on-chain trading volume surpassing $5.3 billion in the past week, marking the most active performance since 2025. Analyst Mintern noted that the number of active addresses and open contracts has grown in sync, reflecting a comprehensive increase in user participation and ecosystem liquidity. Such a surge in on-chain activity often signals that prices may experience substantial volatility, also laying the groundwork for ADA to break out of its consolidation pattern.
Textbook-style pullback confirmation, support transforms or boosts the next round of rise
Analyst CryptoGem Athos pointed out that ADA completed a pullback to the original resistance level of $0.78–$0.80 after breaking through and converted it into support, which is consistent with the bullish structure characteristic of typical technical analysis. As long as the price remains above this area, a rebound to the $0.95–$1.00 range is expected in the near term. ADA has maintained above the key moving averages EMA55, EMA89, and MA200 for seven consecutive weeks, indicating that the medium to long-term trend remains positive, with the upward channel target possibly pointing to $2.90.
Whale outflows pose short-term challenges, but do not undermine the long-term structure
In the past week, Whale addresses have cumulatively transferred 30 million ADA, which has suppressed the price rebound pace to some extent. Analyst Ali Martinez believes that significant changes in large holdings usually affect short-term liquidity and market sentiment, but do not necessarily change the long-term trend. Bulls need to focus on defending the support range of 0.75–0.78 USD to avoid a deep price retracement.
Removed from the US blockchain data program, short-term pressure is expected, while long-term focus may shift to global development.
The news that Cardano has been removed from the U.S. blockchain data program once raised market concerns. The program was originally aimed at enhancing blockchain data transparency and research capabilities. Although there may be short-term pressure on prices, analysts believe this move could also reduce the project's dependence on the U.S. market, allowing it to advance its global ecological layout and technological innovation more independently. Cardano's ongoing progress in DeFi, smart contracts, and practical applications remains an important support for its long-term value.
Conclusion
Despite facing massive outflows and changes in the external regulatory environment, the increase in on-chain activity for Cardano and technical bottoming signals still provide the possibility for a rebound. If ADA can maintain key support and attract more capital inflow, the likelihood of breaking through $1.00 in the short term is high. Investors should pay attention to overall market sentiment and the development progress of the Cardano ecosystem, avoiding overreacting to a single event.