The Cardano price today is at $0.86, up 0.8% in the last session as buyers attempt to stabilize the market after a week-long pullback. On the 4-hour chart, ADA is trading inside a tightening symmetrical triangle, with trendline support holding around $0.85 and resistance capped near $0.95.
The price is now in a key demand zone that has led to rallies up to $0.97 in the past. If this base holds, ADA might get another chance to test the upper limit. But if it doesn’t stay above $0.85, the price could go back down to $0.80.
Why Is The Cardano Price Going Down Today?
The drop in the price of Cardano is due to both technical resistance and low on-chain activity. The 20/50/100 EMAs on the 4-hour timeframe are stacked above current levels in a bearish way, and the 200 EMA around $0.92 is a strong resistance level above. Bollinger Bands are getting closer together, which means volatility is going down, and candles are leaning closer to the lower band, which means there is still pressure.
The Supertrend indicator has flipped bearish at $0.92, aligning with the triangle’s upper bound. RSI sits at 42, keeping momentum weak and suggesting buyers have yet to regain strength.
On-chain flows show $4M in net outflows on August 22, highlighting reduced liquidity pressure on exchanges. While this is generally positive, it has not translated into strong inflows back into ADA, keeping short-term sentiment cautious.
Cardano Price: Indicators Signal Neutral-Bearish Bias
Volume profile data highlights $0.73 as a major high-value node, reinforcing it as a deeper support zone if $0.80 fails.
The daily chart with Smart Money Concepts shows multiple change of character (CHoCH) signals near $0.97, confirming resistance strength. Chaikin Money Flow (CMF) is slightly negative at -0.04, showing minor capital outflows. Together with bearish EMA stacking and RSI below 50, this suggests ADA remains in consolidation mode until a breakout resolves the triangle.
ADA Price Prediction: Short-Term Outlook (24H)
In the next 24 hours, ADA’s direction depends on the triangle breakout. A bullish close above $0.88 could send Cardano price toward $0.92 and then $0.97. Conversely, a breakdown below $0.85 risks a move to $0.80, and if selling deepens, $0.73 could be retested.
Traders should watch $0.88–$0.92 as the immediate resistance band that must flip to confirm bullish momentum. Until then, ADA’s structure favors caution with limited upside.
Cardano Price Forecast Table: August 23, 2025
| Indicator/Zone | Level / Signal |
| Cardano price today | $0.86 |
| Resistance 1 | $0.88 |
| Resistance 2 | $0.92–$0.97 |
| Support 1 | $0.85 |
| Support 2 | $0.80 |
| Volume Profile Support | $0.73 (high-value zone) |
| 200 EMA (4H) | $0.92 (bearish cap) |
| RSI (4H) | 42 (weak momentum) |
| Supertrend (4H) | Bearish under $0.92 |
| Netflow (Aug 22) | -$4.02M (outflows) |
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