Cardano (ADA) Price Prediction for August 15

Cardano has staged a decisive breakout above the multi-month triangle structure, lifting Cardano price today to $0.9990 with a 10.45% daily gain. This marks ADA’s highest close since early February and comes with a notable surge in derivatives activity, reinforcing the bullish momentum. Traders are now eyeing the $1.0136 Fibonacci level as the next major test. What’s Happening With Cardano’s Price? ADA price dynamics (Source: TradingView) The daily chart shows ADA breaking above the descending triangle resistance that has capped upside since late 2024. Price surged from the $0.76 pivot area and sliced through layered supply zones between $0.85 and $0.90 before tagging the psychological $1.00 mark. This rally also cleared a “weak high” liquidity level, signaling a shift in market structure. ADA price dynamics (Source: TradingView) Smart Money Concepts indicate multiple Break of Structure (BOS) confirmations during the run-up, with the most recent occurring as ADA breached $0.90. The move is supported by increased volume and a clean series of higher highs and higher lows since mid-July. The nearest strong low remains at $0.70, highlighting the streng… The post Cardano (ADA) Price Prediction for August 15 appeared first on Coin Edition .

Source: Coin Edition