Usman Salis
Cardano (ADA) has shown renewed strength as its native token ADA breaks through key resistance levels and reclaims an important psychological milestone. The recent price action suggests a potential shift in market sentiment as buyers step in to defend critical support zones.
ADA Crosses Major Market Cap Threshold
Cardano (ADA) has successfully reclaimed the $30B market-cap milestone as the price consolidates near $0.856. This recovery strengthens the case that buyers are regaining control after weeks of sideways movement and fading momentum.
As noted by @TapTools, this breakout comes at a crucial time when many altcoins are struggling to maintain their gains against Bitcoin's dominance.
The timing of this move positions ADA as one of the few major cryptocurrencies showing genuine strength in the current market environment.
Technical Analysis Shows Bullish Structure
The 1-month ADA/USDT chart on Binance reveals several encouraging signals:
- Current price sits at $0.8563, reflecting a +2.54% daily gain
- Monthly performance shows +8.72% growth, bouncing strongly from the low $0.80s
- After testing highs close to $1.00 earlier in the month, ADA pulled back but successfully held the $0.83–$0.85 range
- The reclaim of $0.85 indicates strengthening buyer interest and potential momentum shift
The chart illustrates higher lows throughout September, with clear resistance forming at $0.90–$0.95. Maintaining support above $0.85 remains crucial for any sustained upward movement.
Price Levels and Market View
Key support levels include $0.85, followed by $0.83 and $0.80. On the upside, resistance appears at $0.88–$0.90, then $0.95 and the psychological $1.00 barrier.
Several factors are driving ADA's strength. Surpassing $30B in market cap often attracts institutional flows, while Bitcoin and Ethereum's consolidation has led to capital rotation into strong Layer-1 alternatives like Cardano.
If ADA closes above $0.90, momentum could drive a rally to $0.95 with a possible retest of $1.00. However, failure to clear $0.90 likely keeps the token in a $0.83–$0.90 range, while a breakdown below $0.83 would risk a slide toward $0.80.
Cardano's reclaim of a $30B market cap suggests bulls are regaining control. The trajectory remains constructive as long as buyers hold above $0.85.
Usman Salis
