Cardano – Friday, August 08, 2025.

With the EMA(50) positioned above the EMA(200) and the RSI(14) indicator in Extreme-Bullish conditions, it appears that buyers are currently dominant. However, the appearance of divergence in the RSI(14) indicates the potential for a weakening correction in the near future.

Key Levels

1. Resistance 2: 0.79797.

2. Resistance 1: 0.78326.

3. Pivot: 0.75820.

4. Support 1: 0.74349.

5. Support 2: 0.71843.

Tactical Scenario

Positive Reaction Zone: If the price of this cryptocurrency successfully breaks through and closes above 0.78326, it is highly likely to continue strengthening to 0.79797.

Momentum Extension Bias: If the 0.79797 level is successfully broken through and closes above it due to favorable volatility and momentum, then Cardano has the potential to continue strengthening to 0.82303.

Invalidation Level / Bias Revision

The upside bias weakens if Cardano corrects and falls below 0.71843.

Technical Summary

EMA(50): 0.7637.

EMA(200): 0.7450.

RSI(14): 70.04.

Fundamental Factors Influencing Cardano Price Movements:

The Cardano community recently approved the allocation of USD $70-71 million in on-chain development funds from the Treasury, which will support the Cardano ecosystem, scaling, and future functionality.