Cardano Price Analysis – ETF Hype vs. Support Test at $0.82 | Next Target $0.90 🚀


Cardano ($ADA) slipped 10% this week, settling near $0.82 despite headlines that Grayscale filed S-1 ETF applications for both Cardano and Polkadot. While ETF buzz lifted sentiment, ADA remains under pressure at key support.


📊 Technical Setup


Support: $0.82 has held firm so far, keeping bears from deeper losses.


Bollinger Bands: Tightening around current price — often a prelude to a volatility-driven breakout.


20-day MA: Around $0.87, acting as the first resistance test.


👉 If bulls reclaim $0.87, momentum could extend toward $0.90 in the short term.

👉 But if $0.82 cracks, $ADA risks sliding back toward the $0.78–$0.80 zone.

#BRICS #ElSalvador #SolanaETF #Grayscale #CMC Quest: Earn Rewards#

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August 31, 2025 at 9:42 AM
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