Cardano (ADA) Shatters Resistance: Bulls Eye $1 or Brace for Support Collapse?

Cardano's ADA just blasted through critical resistance—fueling speculation this could be the run to $1.

The Momentum Builds

Traders are watching every tick as buying pressure mounts. Breakouts like this don't happen often—and when they do, they either sprint or stumble.

The $1 Question

Reaching dollar parity isn't just psychological; it's a technical magnet. But crypto has a funny habit of humbling the overconfident—just ask anyone who bought the last 'sure thing'.

Support or Slide

Lose the newfound footing, and it's a fast trip back to lower ranges. In crypto, what goes up fast can come down faster—usually right after the influencers finish their 'to the moon' streams.

One thing's certain: volatility's back on the menu. Whether that means lambos or tears depends which side of the trade you're on.

Technical Outlook: Will ADA Break or Hold?

From a technical perspective, Cardano (ADA) is struggling beneath the 50-EMA at $0.8819, with rejection near $0.923 forming a bearish engulfing candle. The Relative Strength Index (RSI) sits at 44, suggesting sellers still have room to push lower.

If ADA loses support at $0.8528, the next downside levels are $0.8264 and $0.8033. However, reclaiming $0.8843 WOULD be the first sign of strength, opening targets at $0.9018 and $0.9234.

Traders are split: aggressive bears may short below $0.8528, while conservative bulls wait for a breakout above $0.90 to confirm momentum.

Adoption News Offers Bullish Counterweight

Despite short-term weakness, ADA’s fundamentals remain strong. Openbank, Europe’s largest digital bank under Santander, recently integrated cardano for 2 million customers. This development has boosted the institutional adoption narrative, potentially providing a longer-term bullish catalyst.

Caution dominates in the NEAR term. On-chain data shows a $6.7 million net outflow from exchanges on September 17, reflecting investor hesitation. Analysts warn that unless inflows pick up, ADA may continue trading sideways or drift lower before staging its next rally.

For now, $0.87–$0.85 remains ADA’s battleground. A decisive break above $0.90 could reignite bullish momentum and put ADA back on track toward the psychological $1 level. Conversely, a breakdown below $0.85 risks exposing deeper support zones at $0.82 and $0.78.

Whether Cardano’s next MOVE is upward or downward may depend on how traders react to both technical signals and growing adoption headlines in the weeks ahead.

Cover image from ChatGPT, ADAUSD chart from Tradingview