Despite on-chain data showing that retail investor sentiment has dropped to a five-month low, with a bullish to bearish comment ratio of only 1.5:1, Cardano (ADA) instead rose about 5% in September. This reverse relationship is not the first occurrence, indicating that while retail investors are exiting due to frustration, large investors are quietly increasing their holdings. Technically, ADA is consolidating in the support area of $0.80-$0.78, while $0.92 above is a key resistance level; breaking through this level could open the door to $1.00 or even $1.15. Additionally, founder Charles Hoskinson has been cleared of suspicion following an audit report, and upcoming ecosystem catalysts such as the Midnight Network are providing strong fundamental support for ADA.
Reverse rise under pessimistic sentiment: ADA price decouples from retail investor sentiment
Cardano (ADA) sent mixed signals as it entered September. On-chain data from Santiment shows that retail investor sentiment has dropped to its most pessimistic level in five months, with a bullish to bearish comment ratio of only 1.5:1. However, surprisingly, ADA did not crash; instead, it rose by about 5% during this period. This negative correlation is not new. Earlier in August of this year, when optimism soared, ADA experienced a significant pullback; while mid-month panic led to a rebound for the token. Analysts point out that crowd sentiment is often misleading, as large investors tend to quietly accumulate when retail investors are disappointed and exit the market. This dynamic seems to be playing out again, keeping ADA's mid-term outlook resilient.
Technical Analysis: Key Price Levels Determine the Next Move
(Source: TradingView)
As of the time of writing, Cardano's trading price is close to $0.82, undergoing consolidation after repeatedly defending the support zone of $0.80-$0.78. The $0.84-$0.85 area is the approaching resistance level, while the 200-EMA constitutes a key barrier. If it can decisively break through $0.92, this mid-level resistance and key Fibonacci level may unlock higher target price levels of $1.00 and $1.15.
On the downside, if it falls below 0.78 USD, it may further probe down to 0.74 USD or even 0.70 USD, although there is sustained buying interest providing support. As the TD Sequential indicator flashes potential buy signals, traders are closely watching whether the rebound is confirmed.
Positive news frequently emerges: The founder is cleared of wrongdoing and ecosystem catalysts.
Cardano received a significant boost after its founder Charles Hoskinson was cleared by the audit report. The report confirmed that previous internal misconduct allegations related to a voucher project were baseless, eliminating the uncertainty that had long hovered over the project.
Hoskinson also mentioned the upcoming catalysts, including the privacy layer Midnight Network and the potential interoperability with Bitcoin, which will drive long-term adoption. Combined with macro factors such as the prospects of rate cuts by the Federal Reserve and the regulatory clarity brought by the proposed Clarity Act, the ADA ecosystem seems to be well-prepared for a new round of growth.
Market Outlook: Can the bulls break through $0.92?
In the past 90 days, Cardano has remained one of the strong-performing altcoins, with a rise of nearly 25%. The resolution of the controversy involving Hoskinson has added new momentum, but the technical resistance at $0.92 remains a key obstacle in determining ADA's next breakout. If the bulls can reclaim $0.85 and continue to accumulate, a push towards $1.00 will become increasingly likely. Currently, ADA is at a crossroads, balancing between bearish sentiment and bullish fundamentals, and the next decisive move could reshape its trajectory for September.
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Cardano(ADA) Price Prediction: Pessimistic Sentiment Intertwined with Favourable Information, Focus on the $0.92 Level
Despite on-chain data showing that retail investor sentiment has dropped to a five-month low, with a bullish to bearish comment ratio of only 1.5:1, Cardano (ADA) instead rose about 5% in September. This reverse relationship is not the first occurrence, indicating that while retail investors are exiting due to frustration, large investors are quietly increasing their holdings. Technically, ADA is consolidating in the support area of $0.80-$0.78, while $0.92 above is a key resistance level; breaking through this level could open the door to $1.00 or even $1.15. Additionally, founder Charles Hoskinson has been cleared of suspicion following an audit report, and upcoming ecosystem catalysts such as the Midnight Network are providing strong fundamental support for ADA.
Reverse rise under pessimistic sentiment: ADA price decouples from retail investor sentiment
Cardano (ADA) sent mixed signals as it entered September. On-chain data from Santiment shows that retail investor sentiment has dropped to its most pessimistic level in five months, with a bullish to bearish comment ratio of only 1.5:1. However, surprisingly, ADA did not crash; instead, it rose by about 5% during this period. This negative correlation is not new. Earlier in August of this year, when optimism soared, ADA experienced a significant pullback; while mid-month panic led to a rebound for the token. Analysts point out that crowd sentiment is often misleading, as large investors tend to quietly accumulate when retail investors are disappointed and exit the market. This dynamic seems to be playing out again, keeping ADA's mid-term outlook resilient.
Technical Analysis: Key Price Levels Determine the Next Move
(Source: TradingView)
As of the time of writing, Cardano's trading price is close to $0.82, undergoing consolidation after repeatedly defending the support zone of $0.80-$0.78. The $0.84-$0.85 area is the approaching resistance level, while the 200-EMA constitutes a key barrier. If it can decisively break through $0.92, this mid-level resistance and key Fibonacci level may unlock higher target price levels of $1.00 and $1.15.
On the downside, if it falls below 0.78 USD, it may further probe down to 0.74 USD or even 0.70 USD, although there is sustained buying interest providing support. As the TD Sequential indicator flashes potential buy signals, traders are closely watching whether the rebound is confirmed.
Positive news frequently emerges: The founder is cleared of wrongdoing and ecosystem catalysts.
Cardano received a significant boost after its founder Charles Hoskinson was cleared by the audit report. The report confirmed that previous internal misconduct allegations related to a voucher project were baseless, eliminating the uncertainty that had long hovered over the project.
Hoskinson also mentioned the upcoming catalysts, including the privacy layer Midnight Network and the potential interoperability with Bitcoin, which will drive long-term adoption. Combined with macro factors such as the prospects of rate cuts by the Federal Reserve and the regulatory clarity brought by the proposed Clarity Act, the ADA ecosystem seems to be well-prepared for a new round of growth.
Market Outlook: Can the bulls break through $0.92?
In the past 90 days, Cardano has remained one of the strong-performing altcoins, with a rise of nearly 25%. The resolution of the controversy involving Hoskinson has added new momentum, but the technical resistance at $0.92 remains a key obstacle in determining ADA's next breakout. If the bulls can reclaim $0.85 and continue to accumulate, a push towards $1.00 will become increasingly likely. Currently, ADA is at a crossroads, balancing between bearish sentiment and bullish fundamentals, and the next decisive move could reshape its trajectory for September.