Cardano (ADA) Price Prediction and Analysis for September 3
Cardano price today is trading around $0.82, stabilizing after a volatile August that left the token stuck inside a broad descending structure. ADA briefly dipped toward the $0.80 handle but found buying interest above the $0.756 support zone, a level reinforced by Fibonacci retracement and prior demand clusters.
The recovery attempt comes as traders weigh short-term technical pressure against longer-term bullish narratives. Analysts remain focused on whether ADA can reclaim the $0.85 barrier, which has repeatedly capped upside momentum in recent weeks.
ADA Price Consolidates Inside Falling Wedge Pattern
On the 4-hour chart, ADA continues to trade inside a falling wedge formation, with support aligning near $0.80 and resistance pressing down around $0.85–$0.86. The 20- and 50-EMAs cluster near $0.82–$0.83, creating a tight zone where direction will likely be decided.
The RSI sits at 47.3, reflecting neutral momentum as neither buyers nor sellers dominate. A breakout above $0.85 would confirm wedge resolution, potentially opening a run toward $0.90 and $0.95. Conversely, failure to hold $0.80 risks a slide back to …
The post Cardano (ADA) Price Prediction and Analysis for September 3 appeared first on Coin Edition.
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Cardano (ADA) Price Prediction and Analysis for September 3
Cardano price today is trading around $0.82, stabilizing after a volatile August that left the token stuck inside a broad descending structure. ADA briefly dipped toward the $0.80 handle but found buying interest above the $0.756 support zone, a level reinforced by Fibonacci retracement and prior demand clusters.
The recovery attempt comes as traders weigh short-term technical pressure against longer-term bullish narratives. Analysts remain focused on whether ADA can reclaim the $0.85 barrier, which has repeatedly capped upside momentum in recent weeks.
ADA Price Consolidates Inside Falling Wedge Pattern
On the 4-hour chart, ADA continues to trade inside a falling wedge formation, with support aligning near $0.80 and resistance pressing down around $0.85–$0.86. The 20- and 50-EMAs cluster near $0.82–$0.83, creating a tight zone where direction will likely be decided.
The RSI sits at 47.3, reflecting neutral momentum as neither buyers nor sellers dominate. A breakout above $0.85 would confirm wedge resolution, potentially opening a run toward $0.90 and $0.95. Conversely, failure to hold $0.80 risks a slide back to …
The post Cardano (ADA) Price Prediction and Analysis for September 3 appeared first on Coin Edition.
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