Cardano (ADA) News Today: September 4th
The post Cardano (ADA) News Today: September 4th appeared on BitcoinEthereumNews.com.
The tenth-largest crypto asset by market capitalization experienced a red week, with varying forecasts about its future direction. At the same time, the foundation behind the underlying blockchain and its co-founder presented some interesting developments. Going Up Or Down? While the blockchain’s native token has dropped about 6% over the past week, according to data taken at print time from CoinMarketCap, it is still up 159% for the year. Source: CoinMarketCap Sentiment on X regarding a bear or bull case seems to be a mixed bag, with one prominent market intelligence platform noting that traders may be turning bearish. However, they also noted a key point: prices often deviate from expectations, so it could point to the contrary. Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA‘s price is +5%. Patient holders and dip buyers during this three week downswing should root for this trend of bearish retailers to continue.… pic.twitter.com/VgGwRW243P — Santiment (@santimentfeed) September 4, 2025 One chartist pointed to ADA printing an inverted head and shoulders pattern, which is usually considered a bullish reversal, signaling a likely uptrend. Another analyst shared a graph showcasing bear market performance over the past few years, stating that several alts have outperformed Cardano’s token. A price prediction for the upcoming week places support levels around $0.77-0.70 and resistance roughly at $0.90-$1. E-Books on The Blockchain The non-profit organization behind the blockchain, the Cardano Foundation, announced a new use case within the ecosystem, in the form of tokenized e-books, by partnering with the team behind Book.io. By introducing Decentralized Encrypted Assets (DEAs), the tide will shift for writers and consumers alike, as digital books will be transformed into ownable and transferable assets, rewriting the distribution of intellectual property and royalties. The first pilot…
