Cardano Technical Analysis Report 8 September, 2025

Given the clear daily uptrend and the bullish sentiment viewn across the crypto markets today, Cardano cryptocurrency can be expected to rise to the next resistance level 0.8640 (which stopped the previous correction ii).
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- Cardano reversed from pivotal support level 0.7710
- Silver to rise to resistance level 0.8640
Cardano cryptocurrency today reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support zone located between the pivotal support level 0.7710 (which stopped the previous correction iv at the begin of August, as can be viewn from the daily Cardano chart below), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse 5 from the begin of August. The upward reversal from this support zone stopped the earlier medium-term ABC correction (2) from the begin of August.
Given the clear daily uptrend and the bullish sentiment viewn across the crypto markets today, Cardano cryptocurrency can be expected to rise to the next resistance level 0.8640 (which stopped the previous correction ii).

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