Cardano (ADA) Price Prediction and Analysis for August 30

Cardano price today is trading near $0.84, slipping after repeated failures to hold above $0.90. The token has faced renewed pressure this week as outflows intensified and sentiment soured following news that the U.S. government’s blockchain data initiative did not include ADA.

Spot flows highlight the stress. On August 29, ADA recorded net outflows of $6.88 million, extending a pattern of persistent selling that has weighed on price through late August.

While ADA remains supported by its broader ascending structure, the absence of positive catalysts compared to rivals like Solana and Ethereum leaves the asset vulnerable to deeper corrective moves unless buyers reclaim control above key resistance.

Cardano Price Struggles Near Resistance

On the daily chart, ADA continues to move within a wide consolidation band, capped by the $0.86–$0.90 zone. Repeated rejections at this level have limited upside momentum, while support clusters are layered between $0.81 and $0.77, aligning with the 50- and 100-day EMAs. RSI sits around 56, suggesting momentum has cooled without yet entering oversold territory. The 200-day EMA at $0.74 remains a deeper safety net if downside pressure intensifies.

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On the 4-hour chart, the supertrend flips bearish below $0.91, highlighting near-term weakness. ADA’s failure to sustain above the ascending triangle base increases the risk of a drift toward the $0.81–$0.83 support zone in coming sessions.

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Outflows and Policy Snub Add Headwinds

Cardano has been caught in the crossfire of negative sentiment after the U.S. Commerce Department’s decision to publish GDP data on blockchains such as Bitcoin, Ethereum, and Solana. ADA was notably absent from the list, fueling debates about its relevance among major institutional projects.

On X, crypto analysts highlighted this exclusion as a credibility challenge. A widely shared post stated that Cardano “has been and will be left behind,” reflecting concerns that lack of government or institutional alignment could cap adoption momentum.

Outflows further support the bearish tilt. ADA’s netflows have trended negative throughout August, with the latest $6.88 million withdrawal underscoring waning confidence among larger holders. Without inflow reversals, near-term upside could remain limited.

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Contrasting Views: Bulls Hold the Base, Bears Target Breakdown

Bulls argue that ADA’s consolidation above $0.80 reflects resilience despite negative headlines. Defending this floor could provide a launchpad for recovery toward $0.90 and eventually $1.02, the July peak and a key psychological barrier. If volume strengthens, a breakout above $1 could revive confidence and restore ADA’s bullish narrative.

Bears counter that persistent outflows and the exclusion from U.S. blockchain policy mark structural disadvantages. Failure to defend $0.81 risks a breakdown toward $0.74, where the 200-day EMA coincides with longer-term trendline support. A decisive breach below that zone could extend losses to $0.65, a level last tested in June.

Cardano Short-Term Outlook: Can Support Hold Into August 30?

The short-term ADA price prediction hinges on whether bulls can stabilize the token above $0.84. A rebound from here could retest $0.90, and a breakout above $0.91 would flip the supertrend bullish again, setting up a move toward $1.02.

Failure to hold $0.83, however, would expose the $0.81–$0.77 zone, where pressure could mount quickly given weak inflow support. For now, traders are watching $0.90 as the key pivot between recovery and further decline.

Cardano Price Forecast Table