Cardano Turns 8: Can ADA Explode Past $1 Soon？

Cardano is about to mark its 8th anniversary, a milestone that highlights the projects longevity and resilience in a volatile industry. Since its launch in September 2017, the network has never gone offline, never been hacked, and today stands as the second-longest-running blockchain by uptime after Bitcoin. Yet this celebration comes at a time when global markets are under pressure from rising inflation, tariffs, and squeezed consumer spending. For ADA price, these crosscurrents of macroeconomic headwinds and solid blockchain fundamentals set the stage for its next decisive move on the charts.

Cardanos Track Record of Stability

Cardano is about to celebrate its 8th anniversary since launching in September 2017. In that time, the blockchain has maintained uninterrupted uptime—second only to Bitcoin—never suffering a hack or network failure. This reliability is one of ADA‘s strongest fundamentals, especially as many newer blockchains struggle with downtime or exploits. For long-term investors, Cardano’s resilience underpins its appeal as a trustworthy network.

Cardano Price Prediction: Inflation Adds Pressure to Risk Assets

The backdrop, however, is dominated by sticky inflation. US consumer prices rose 2.9% year-on-year in August, the highest since January. Core inflation held at 3.1%. Rising tariffs are a key driver, as companies pass import costs directly onto consumers. Grocery prices surged the most in three years, and energy prices also edged higher. This combination squeezes household budgets and reduces liquidity for speculative investments like cryptocurrencies.

In markets, inflation and tariffs create two opposing forces for ADA price. On one hand, tighter budgets may dampen retail flows. On the other, persistent inflation often drives investors toward alternative assets, including crypto, as hedges against currency debasement.

Technical View: ADA Price Daily Chart

ADA/USD Daily Chart- TradingView

On the daily chart, ADA price is trading at 0.893, up modestly by 1.15%. Several key signals stand out:

Bollinger Bands: Cardano Price is hovering just under the middle band (0.907). A breakout above this level could signal renewed bullish momentum. The upper band near 1.00 acts as the first resistance.

Short-Term Trend: ADA price has been consolidating after a corrective phase in late August. The recent shift to green candles on the Heikin Ashi chart suggests bullish momentum is returning.

Key Levels:

• Support: 0.79–0.80 zone (lower Bollinger band and prior consolidation).
• Resistance: 0.91–1.00 initially, followed by 1.10 and 1.20 if momentum strengthens.
• Extension targets on the chart point toward 1.30 and 1.40 if a strong breakout occurs.

What Could Drive ADAs Next Move？

• Macro Environment: If inflation continues to climb and the US dollar weakens, ADA price could benefit as capital seeks inflation hedges. A stronger dollar, however, could suppress crypto demand in the short term.
• Cardano Fundamentals: With its anniversary approaching and continued track record of uptime, Cardano price could see renewed attention from long-term holders and institutions valuing resilience.
• Market Sentiment: The crypto sector remains sensitive to Bitcoins price action. If Bitcoin maintains its upward momentum, ADA price could quickly reclaim the 1.00 level.

Cardano Price Prediction: Short-Term Outlook

In the coming weeks, $ADA price looks set to test the 0.91–1.00 resistance zone. A clean break and daily close above 1.00 could open the path toward 1.10–1.20. If bullish volume increases, extension targets near 1.30–1.40 come into play. On the downside, failure to break 0.91 may trigger another pullback toward 0.80 support.

Given the chart structure and macro backdrop, $Cardano price appears positioned for a cautious bullish move into its 8th anniversary. The balance between inflation-driven risk aversion and blockchain fundamentals will decide whether it can sustain momentum above 1.00.