ambcrypto.com reports Cardano is down 5% in the past 24 hours after rejecting the $0.25 resistance zone. The asset has rallied 20% over the past week and nearly 30% in a month despite this short-term setback. Selling pressure was not extreme, with Open Interest slumping 6.5% and spot CVD showing a slight decline. The price structure indicates higher lows since June, with $0.177 as the critical level bulls must defend. A move into the $0.23-$0.25 supply zone triggered heavy profit-taking and short liquidations from earlier in August. Momentum on the 4-hour timeframe is turning bearish, potentially leading to a retracement toward $0.19. Bulls need to see buying pressure ramp up as ADA approaches the $0.19-$0.20 demand zone.
Cryptopotato.com reports that Cardano (ADA) has slipped 6% over the last 24 hours, raising questions about whether this is a healthy correction or a bearish return. Despite this retreat, ADA remains ranked among the 20 largest cryptocurrencies. The asset is currently trading at $0.2091 with a 24-hour spot volume of $34,017,876. This price action occurred across 255,370 trades during the reporting period.
BeInCrypto.com reports that Cardano founder Charles Hoskinson claims the network will win its current market fight following a 26% price rebound. He stated that cooperation with Ethereum developers could result in a working integration within months. This marks his clearest response to growing criticism regarding Cardano's relevance in the ecosystem.
www.newsbytesapp.com reports that Cardano posted a 36% gain in August 2026, outpacing Bitcoin's 25% climb to $80,000. XRP, Ether, and Solana also recorded strong gains of 35%, 32%, and 30% respectively during this period. Weekly data showed XRP surging 30% while Cardano, Solana, and Bitcoin maintained double-digit growth. The rally was supported by falling US bond yields, a weaker dollar, and increased institutional participation. US spot Bitcoin ETFs attracted $1.92 billion in a single week, signaling strong investor interest. Hopes for clearer US crypto rules are rising ahead of the Senate's CLARITY Act vote. Beyond trading, companies like South Korea's POSCO are using Avalanche for real business tasks, and Bitwise launched tokenized stock portfolios.
ADA
Neutral