Cardano Price Prediction: ADA Struggles Below $0.85 Despite ETF Optimism

Cardano price today is trading around $0.83, holding just above key support after a week of selling that pushed the token below $0.85. The market has been consolidating inside a wide symmetrical pattern, with repeated failures to break higher adding to bearish caution.

Despite this weakness, sentiment received a boost after Grayscale filed for a Cardano ETF, alongside Polkadot, sparking renewed debate on institutional adoption of altcoins. Still, persistent exchange outflows and lack of follow-through from buyers have kept ADA pinned near the lower band of its structure.

As August closes, traders face a market divided: ETF-driven optimism on one side, and weak on-chain flows on the other. The next decisive move hinges on whether bulls can reclaim resistance near $0.86–$0.88 or if bears push ADA toward the deeper $0.80 and $0.75 zones.

On the 4-hour chart, ADA price remains capped by descending trendline resistance, with supply zones layered around $0.86–$0.90. The 20- and 50-period EMAs at $0.84 and $0.86 continue to suppress upside momentum, while the 100- and 200-period EMAs provide medium-term stability near $0.86 and $0.83.

Support is clustered at $0.82–$0.83, which has repeatedly attracted dip buyers this month. A decisive break lower, however, could open the door toward $0.77–$0.75, a level that coincides with the base of the broader ascending structure from July.

Momentum indicators show fading strength. The RSI sits at 44, signaling neutral-to-weak momentum, while MACD remains flat. On the 4-hour timeframe, ADA also trades below the Supertrend resistance at $0.88, keeping the short-term bias tilted bearish until bulls can flip the level.

While the Grayscale ETF filing gave ADA a fundamental boost, market flows highlight lingering caution. Data from Coinglass shows ADA recorded –$1.8 million in net outflows on August 30, continuing a multi-week pattern of persistent selling.

This divergence underscores the tension between macro headlines and short-term positioning. ETF news may support long-term adoption, but for now, traders remain wary as capital leaves exchanges instead of flowing back in.

On social channels, optimism remains. Coin Bureau highlighted the ETF filing, calling it a sign that “altcoin ETFs are heating up.” Analysts argue that if approved, such vehicles could provide ADA with the same institutional inflows that fueled Bitcoin and Ethereum ETF rallies earlier in 2025.

Bulls emphasize ADA’s ability to hold the $0.82–$0.83 support despite persistent outflows. If buyers defend this floor, a recovery toward $0.90–$0.95 is plausible, particularly if ETF momentum draws fresh inflows. Clearing $0.95 would flip the broader structure bullish, exposing the $1.00 psychological barrier.

Bears remain skeptical. They point to sustained outflows and ADA’s repeated rejections near $0.90 as signs of structural weakness. A decisive breakdown below $0.82 could accelerate losses toward $0.75, and if that fails, the longer-term 200-day EMA near $0.70 would come into view.

Into August 31, ADA price prediction hinges on the battle around $0.86. A close above this level would flip the Supertrend bullish and raise the odds of a rally toward $0.90–$0.95. Failure to break higher would leave ADA vulnerable to another test of $0.82, with a risk of cascading toward $0.77 if flows remain negative.

With ETF optimism competing against bearish flows, ADA is poised for volatility in early September. Traders will look to exchange inflows as the clearest sign that ETF headlines are translating into real market support.

ADA Forecast Table