Cardano (ADA) has shown promising momentum in early August 2025, with the price stabilizing at $0.6842 and rising steadily to approximately $0.8141 within a week. This upward movement accelerated after breaking through the $0.75 resistance level, which had previously limited gains in late July [1]. On the technical front, the price has demonstrated a consistent pattern of higher lows, reinforcing the bullish sentiment among traders.

Key support levels are currently under close observation. The $0.77 threshold, once breached, now acts as a critical short-term support. If this level holds, ADA remains in a favorable position; however, a break below it could see the price retreat toward $0.68 [1]. On the upside, $0.84 represents the next major resistance. A strong breakout above this level could open the path to $0.90 or even $1.00, particularly if Bitcoin remains stable and broader market conditions improve [1].

Trading volume and open interest metrics further underscore the strength of the current rally. Since August 6, volume has seen a consistent upward trend, signaling genuine buying interest rather than a temporary bounce [1]. Open interest has also risen to around $294 million, indicating an influx of fresh capital into the market and aligning with the upward price movement [1].

Positioning data reveals that net long positions remain negative at approximately -$721 million, but the gap between longs and shorts is narrowing. Shorts are holding steady at $731 million without aggressively increasing their positions, a potential indicator of short-covering behavior [1]. This dynamic could add upward pressure on the price if ADA continues to push higher.

Analysts have offered varied forecasts for the rest of the month. A successful hold above $0.77 and a breakout through $0.84 with strong momentum could lead to a price range of $0.90–$0.95 by the end of August, based on current technical patterns and broader market conditions [1]. More optimistic projections suggest ADA could test the $1.00 level if Bitcoin remains stable and institutional interest grows [1]. However, these are analyst forecasts and not guaranteed outcomes [3].

A more ambitious forecast from certain analysts suggests a potential 52% price surge to $1.20, driven by wedge patterns and a positive shift in the broader crypto market. These projections are further supported by Cardano’s ongoing development, including its upcoming Alonzo hard fork, which is expected to enhance its smart contract capabilities and attract more institutional and retail participation [2]. That said, such forecasts are speculative and rely on continued technical strength and favorable macroeconomic conditions [8].

At the time of the report, ADA was trading near $0.80, having bounced from early August lows at $0.68 [4]. Some short-term indicators suggest the token could test the $0.86 level, with price action showing renewed strength below key moving averages [5]. Additionally, a breakthrough above $0.822—seen as a crucial psychological and technical level—could set the stage for a move toward $1.00 and eventually the all-time high [6].

While the technical outlook is largely positive, traders are being urged to remain cautious. A failure to hold above $0.77 could trigger a retest of earlier support levels, potentially undermining the current bullish momentum. Market observers are also monitoring for signs of renewed volatility, especially considering ADA’s recent performance and its correlation with Bitcoin’s broader influence [10].

Sources: [1] CoinMarketCap, (https://coinmarketcap.com/community/articles/6897bdb3f34e2248a5748b70/) [2] AInvest, (https://www.ainvest.com/news/cardano-price-forecast-sees-52-rally-1-20-technical-breakout-2508/) [4] BlockchainReporter, (https://blockchainreporter.net/cardano-price-forecast-adas-latest-rival-could-grow-5x-faster-after-raising-over-10-million/) [5] Coin, (https://coinedition.com/cardano-ada-price-prediction-for-august-9-2025/) [6] TaxTMI, (https://www.taxtmi.com/news?id=37754) [7] Coin, (https://coinedition.com/cardano-midnight-upgrade-charles-hoskinson-flip-ethereum/) [8] CryptoNinjas, (https://www.cryptoninjas.net/news/cardano-ada-price-prediction-2025/) [10] Mitrade, (https://www.mitrade.com/insights/news/live-news/article-3-1025181-20250809)