🔵Cardano (ADA) is consolidating around $0.82 after a volatile August, trading within a descending wedge with key resistance at $0.85. A breakout above this level could signal a trend reversal and open the way to $0.90–$0.92, while a drop below $0.80 raises the risk of a pullback toward $0.756 and $0.70.
🔵Analysts remain cautiously optimistic, noting that ADA has held above major moving averages for seven consecutive weeks — a sign of resilience for the bulls. Still, outflows and rising DeFi competition weigh on the market, making the token’s fate heavily dependent on a successful breakout.