Cardano has staged a sharp recovery, with Cardano price today moving to $0.95, reclaiming key technical levels after weeks of consolidation. Positive exchange netflows and structural breakouts across multiple timeframes have backed the rally, setting the stage for heightened volatility into August 17.
Cardano has staged a sharp recovery, with Cardano price today moving to $0.95, reclaiming key technical levels after weeks of consolidation. Positive exchange netflows and structural breakouts across multiple timeframes have backed the rally, setting the stage for heightened volatility into August 17.
On the daily chart, ADA has broken out of a long-term descending trendline that had capped upside since early 2025. Price surged above $0.90, retesting the former resistance band as new support.
The breakout has been reinforced by the Bollinger Bands expanding upward, with the upper band now at $0.9486, showing fresh volatility cycle expansion. Dynamic levels are aligned favorably for bulls. The EMA cluster (20/50/100/200) has flipped into a bullish order, with the 20 EMA at $0.8275 and the 200 EMA at $0.7214, all of which are stacked below the current price. This alignment signals that the medium-term trend has turned decisively bullish.
The channel projection shows ADA testing the R4 pivot at $0.9582, with scope for an extension toward $1.05 and $1.17 if momentum holds. Conversely, the pivot supports sit at $0.81 and $0.68, offering strong downside buffers.
Liquidity and technical triggers are driving the rally in Cardano’s price today. The Smart Money Concepts chart highlights a major Break of Structure (BOS) above $0.90, along with multiple bullish CHoCH signals. The most recent liquidity sweep near $0.70 flushed out sellers, paving the way for this sharp upward move.
On-chain data confirms the bullish sentiment. ADA recorded a net inflow of $3.78 million on August 16, the first significant positive spot flow in weeks, reflecting renewed accumulation. This shift coincides with price reclaiming $0.95, signaling institutional and retail buying pressure converging.
Volume also supports the move. Cardano broke above a “weak high” liquidity marker at $0.95 with expanding participation, hinting that the next liquidity pool lies closer to $1.05. Unless volume collapses, bulls would remain in control of near-term price action.
On the 30-minute chart, ADA is coiling inside a symmetrical triangle with VWAP providing intraday support near $0.9554. This consolidation pattern after the breakout suggests preparation for the next leg. If ADA closes above $0.96–$0.97 with momentum, the squeeze could resolve to the upside.
RSI on the lower timeframes sits at 51.8, reflecting neutral positioning after a strong run. This signals that ADA has room to extend higher without being overheated. Meanwhile, Bollinger Bands on the daily chart are expanding, aligning with the volatility breakout already in play.
ADA’s price over the next 24 hours depends on whether the bulls could maintain momentum above the $0.95 breakout zone. If ADA sustains above this level, the path opens toward $1.05, with Fibonacci and channel confluence pointing to $1.17 as the next medium-term extension.
On the downside, a rejection below $0.93 would put focus back on $0.90, the immediate support. If this level fails, a deeper pullback toward $0.85 and the EMA20 cluster near $0.82 could unfold.
Considering the bullish EMA alignment, breakout structure, and positive netflows, ADA maintains an upside bias; however, traders should anticipate increased volatility near the $1.00 psychological resistance.
