Cardano Price Analysis For September: On-Chain Data Shows Early Whale Backing For New Altcoin $RTX

The Cardano price has been in the spotlight again this September, as traders closely watch for signs of a breakout. On-chain data reveals that whales offloaded 30 million ADA in the past week, creating pressure near the $0.82 range. While Cardano consolidates, attention is turning to new PayFi projects like Remittix, which has already raised over $23.3 million by selling more than 640 million tokens at $0.1030 each. With early whale money beginning to rotate, both assets are being measured for their growth potential.

Cardano Price Technicals Show Key Resistance

At the time of writing, Cardano price trades near $0.82, consolidating after defending support at $0.80. Analysts point to the $0.85–$0.86 resistance zone as the level that could unlock a move toward $0.90 if cleared. The Relative Strength Index (RSI) hovers at 47, suggesting neutral momentum, while ADA continues to trade inside a falling wedge pattern that historically signals possible reversals.

On-chain data shows 30 million ADA moved by whales last week, raising speculation about short-term downside pressure. Still, Cardano price remains within its ascending channel on the weekly chart. Clearing $0.88 could spark a breakout toward $0.95 and $1.05, but a failure to defend $0.80 risks another slide back to $0.756 or lower. Traders are split on whether September will bring recovery or another correction, but confidence in ADA’s long-term growth remains intact, supported by news of potential stablecoin and Chainlink partnerships.