Cardano (ADA) price today is trading near $0.91 after a brief pullback from the $0.95 high. The token continues to defend the $0.90 zone as support, with buyers eyeing the $0.96–$1.00 range as the next breakout target. The move comes as ADA reclaims its position as the ninth-largest cryptocurrency by market capitalization, overtaking TRON.
Cardano Price Holds Rising Channel Support
The daily chart shows ADA trading inside a rising channel since July, with price bouncing from mid-channel support near $0.88 to retest the upper band. The 20- and 50-day EMAs at $0.86 and $0.83 are trending higher, providing dynamic support to the structure.
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Momentum remains constructive. A series of higher lows and break-of-structure signals highlight renewed accumulation. The 200-day EMA at $0.75 sits as a longer-term safety net, while the channel ceiling near $1.05 is emerging as a key resistance zone.
ADA Flips TRON In Market Rankings
On September 13, Cardano officially surpassed TRON to become the ninth-largest cryptocurrency by market capitalization. The development underscores ADA’s return to the top tier of digital assets, reinforcing investor confidence at a time when traders are searching for relative strength in altcoins.
The milestone has also sparked renewed social momentum, as community-driven support often translates into stronger market participation. Analysts suggest that sustaining this rank could provide a psychological boost for ADA holders and attract fresh inflows.
On-Chain Data Shows Mixed Flows
Exchange flow data highlights cautious positioning. On September 14, ADA recorded a net outflow of $4.05 million, extending a series of mixed flows observed throughout September. While net outflows typically suggest accumulation, the scale of these moves has remained modest compared to earlier cycles.
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The pattern reflects a market still testing conviction. Active addresses and spot demand remain below peak levels, yet consistent net outflows indicate that long-term holders continue to withdraw supply from exchanges. Sustained accumulation could strengthen ADA’s base above $0.90.
Fibonacci Levels And Parabolic SAR Define Resistance
The 4-hour chart shows ADA respecting Fibonacci retracement zones. Price pulled back after briefly tapping the 0.618 retracement at $0.928, but the Parabolic SAR remains beneath spot levels, supporting bullish momentum.
Immediate resistance is visible at $0.95–$0.96, which aligns with the 0.786 retracement zone. A successful breakout above this cluster would open the path to $1.00–$1.02. On the downside, $0.90 remains the key short-term floor, with deeper risk toward $0.87 if sellers regain momentum.
Technical Outlook For ADA Price
Key levels are well-defined. On the upside, ADA must clear $0.95 to confirm a breakout toward $1.00 and $1.05. A move beyond this zone would align with the broader channel trajectory and could extend toward $1.10.
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On the downside, losing $0.90 would shift near-term sentiment, exposing $0.87 and potentially $0.83. Failure to hold those levels could push price back toward $0.75, the longer-term EMA cluster.
Outlook: Will Cardano Go Up?
Cardano price action suggests a bullish bias as long as $0.90 holds firm. The combination of a rising channel, improving EMA structure, and psychological momentum from flipping TRON supports the bullish case.
However, on-chain flows remain moderate, signaling that traders are not yet fully committed. For ADA to extend gains decisively, inflows must strengthen alongside a breakout above $0.95.
Analysts remain cautiously optimistic. If ADA holds its channel and breaks above $0.96, the path toward $1.00 and beyond looks increasingly viable.
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