Cardano Price Prediction: ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

Cardano (ADA) has entered September with mixed signals. On-chain data from Santiment reveals that retail sentiment has dropped to its most bearish level in five months, with a bullish-to-bearish commentary ratio at just 1.5:1. Surprisingly, instead of collapsing, ADA has gained about 5% during this ￰0￱ Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak This inverse correlation isn’t ￰1￱ in August, when optimism spiked, ADA corrected ￰2￱ fear crept in mid-month, the token ￰3￱ note that crowd sentiment often misleads, as smaller traders exit in frustration while larger investors accumulate ￰4￱ dynamic appears to be playing out again, keeping ADA’s mid-term outlook ￰5￱ Levels Define Cardano’s Next Move At press time, Cardano trades near $0.82, consolidating after repeated defenses of the $0.80–$0.78 support ￰6￱ looms at $0.84–$0.85, with the 200-EMA marking a critical barrier.

A decisive push above $0.92, the mid-range resistance and a key Fibonacci level, could unlock higher targets at $1.00 and $1.15. On the downside, losing $0.78 may open the door to $0.74 or even $0.70, though dips have consistently attracted buying ￰7￱ the TD Sequential indicator flashing a potential buy signal, traders are closely watching for confirmation of a rebound. ADA's price trends to the downside on the daily chart.