Cardano Price May Retest Previous High at $0.98 point

Bulls’ momentum increase further

ADA Price Analysis – 12 August

Cardano can attempt testing the resistance potential of $0.98 and $1.14 if they can keep the price above the $0.80 hedge. If the $0.71 hedge is translated, the $0.69 and $0.59 support options will be taken into account.

Key Levels:

Resistance levels: $0.80, $0.98, $1.14

Support levels: $0.71, $0.69, $0.59

ADA/USD Long-term Trend: Bullish

Cardano’s daily time period has an upward tendency. The chart displayed a double bottom formation near the $0.59 support level on June 24. The price tried to break through the first hedging position before finding support close to the expected $0.59 level. However, the coin gets past the first anticipated obstacle. A bullish candle pattern was displayed on the daily map. Analysis of the $0.69 hedging position revealed bullish wicks. A positive endeavor has been made since June. The price is currently trying to move above its $0.80 mark.

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The Cardano request seems to be firmly in the bulls’ grasp. Cardano’s rapid ascent over the Hull Suite forex signals indicator is giving buyers what they want. Cardano can attempt testing the resistance potential of $0.98 and $1.14 if they can keep the price above the $0.80 hedge. If the $0.71 hedge is translated, the $0.69 and $0.59 support options will be taken into account.

ADA/USD Medium-term Trend: Bullish

An inclinational trend may be seen in Cardano’s 4-hour chart. Two failed attempts to breach the 4-hour time period support level at $0.59 have occurred in recent weeks. The ADA’s value fell to $0.0.59 as more bears than bulls filed petitions and copping instigation rose. When the currency got close to the $0.80 mark, a bullish engulfing candle formed, signaling that buyers are in charge of the market.

.98 point" width="1281" height="571" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/08/4-hours-25.png"/> The QQE MOD index, a reliable source of forex indicators, is above the zero line and displaying a positive signal, while Cardano is presently trading above and close to the Hull Suite Crypto points.

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