- ADA is consolidating tightly between $0.82 support and $0.87 resistance, with shorts still outweighing longs.
- Momentum indicators like MACD and a TD Sequential buy signal suggest a possible trend reversal.
- A breakout above $0.87 could send ADA toward $0.95 and $1, while a drop below $0.82 risks deeper consolidation near $0.76.
Cardano’s ADA has been chopping sideways for more than a week now, locked between $0.82 support and $0.87 resistance. Buyers keep defending the bottom of the range, while sellers are quick to slap down every attempt at breaking higher. This comes after ADA briefly touched $1.01 in August before losing steam and rolling over. Now traders are asking the big question — will September finally be the month ADA makes another push toward that key $1 mark?
What the Charts Are Saying
Looking at the 4-hour chart from CoinAnk, ADA is holding its ground after weeks of whipsaw action. Price support is sitting firm at $0.82, while $0.87 has become the short-term wall. Open interest hovers around $292 million, showing participation is there but not with much conviction yet. Shorts are still outweighing longs heavily, with net shorts at 1.45 billion compared to weak net longs at -147 million. Bears might be in control on paper, but ADA refusing to crack lower hints they’re not fully running the show.
Momentum is also perking up. The MACD histogram has flipped green, and the MACD line is crossing above its signal line. Normally this is a sign of a trend reversal, though volume will need to confirm before bulls can really take charge.
Analyst Signals Add to Optimism
Well-known trader Ali Martinez has flagged something interesting — ADA has flashed a buy signal on the TD Sequential indicator. For context, this tool counts candle sequences to spot when a trend is running out of fuel. When the count finishes, it often points to a reversal. In this case, ADA’s recent downtrend might be hitting exhaustion. Martinez believes this could set the stage for a bounce higher in the coming days.
Can ADA Break $1 in September?
The setup looks tempting. With shorts loaded up, even a modest burst of buying could trigger a short squeeze, sending ADA higher fast. A clean break above $0.87 would be the first confirmation, with targets around $0.95 and then the psychological $1 level.
Of course, failure to hold above $0.82 changes the story. The next key support sits near $0.76, and losing that level would keep ADA trapped in a bigger consolidation.
For now, ADA remains one of the most-watched altcoins at this range. With MACD momentum improving and the TD Sequential flashing green, bulls still have a chance to flip the script. If momentum builds, September could finally see Cardano claw back toward that $1 milestone.
