TLDR
- Cardano ranks second in Grayscale’s weekly crypto performance with 17.7% gains, beating Ethereum, Solana, and Bitcoin
- ADA trading volume surged to $6.26 billion in 24 hours, outpacing major cryptocurrencies like DOGE and BNB
- Technical analysis shows hourly RSI reset providing fresh momentum for potential breakout above $1.00 resistance
- Fractal pattern analysis suggests ADA could rally 150-230% if historical patterns repeat, targeting $1.85-$2.40
- Key support holding firm at $0.90-$0.93 range while bulls prepare for decisive move above psychological $1.00 level
Cardano price has captured market attention with strong performance metrics and technical indicators pointing toward a potential breakout. ADA currently trades around $0.96, representing a 2.97% increase over the past 24 hours.
The cryptocurrency secured second place in Grayscale’s Top 10 Crypto Assets for weekly returns. Cardano delivered 17.7% gains over the past week, trailing only Chainlink in the rankings.
This performance placed ADA ahead of established cryptocurrencies including Ethereum, Solana, and Bitcoin. The ranking highlights Cardano’s ability to compete among top-tier digital assets during periods of market volatility.
BREAKING NEWS:
Grayscale ranks #Cardano $ADA as 2nd in their Top 10 Crypto Assets for 1-week returns.
Do you think $ADA can take the #1 spot soon? pic.twitter.com/9RNZ5ZHk0i
— Mintern (@MinswapIntern) August 16, 2025
Trading activity has intensified around Cardano, with 24-hour volume reaching $6.26 billion. This figure surpasses trading volumes for DOGE, BNB, and TRX across major exchanges.
The volume surge reflects increased market participation from both short-term traders and longer-term investors. High liquidity levels typically provide the foundation for sustained price movements.
Cardano price faces key resistance at the $1.00 psychological level. A breakout above this price point would confirm bullish momentum and potentially trigger the next rally phase.
Technical Analysis Shows Bullish Setup
Technical analysis reveals Cardano’s hourly RSI has reset to mid-levels after previously reaching overbought conditions. This reset removes selling pressure and creates space for renewed buying interest.
The price structure shows a series of higher lows since the $0.80 region recovery. Recent testing near the $0.95 to $1.00 range has identified where selling pressure concentrates.
š LONG: $ADA/USDT.P (1D)$ADA may rise 150% following a successful EMA retest. pic.twitter.com/HaNVvOmmee
— Dynamite trader (@Dynamite_Fix) August 16, 2025
Support levels remain solid between $0.90 and $0.93. Bulls must defend this range to maintain the current upward trajectory and prevent deeper correction.
Chart analysis reveals Cardano follows a repeating fractal pattern that has generated substantial gains in previous cycles. Each major rally has occurred after a successful retest of the Exponential Moving Average.
Cardano Price Prediction
Historical data shows these EMA-driven rallies typically produce gains between 150% and 230%. The current price action around $0.93 to $0.95 mirrors the setup conditions seen before previous explosive moves.
If the fractal pattern continues, Cardano price could target levels between $1.85 and $2.40. This projection assumes a successful breakout above current resistance and continuation of historical performance patterns.
The setup requires maintaining support above $0.90 while building momentum for a clean break through $1.00 resistance. Market participants are watching these levels closely for confirmation signals.
Current on-chain activity and ecosystem development continue supporting Cardano’s long-term fundamentals. The combination of technical setup and fundamental strength creates conditions for potential price acceleration.
Volume trends and momentum indicators suggest ADA is positioning for a decisive directional move. Market structure indicates Cardano is building pressure for its next major price movement, with $6.26 billion in daily trading volume providing the liquidity foundation needed for sustained momentum.
