Despite a recent dip in price, Cardano (ADA) continues to show promise for September. A bullish technical outlook and potential positive impact from Grayscale’s proposed exchange-traded funds (ETFs) are fueling optimism among analysts. 10th-ranked by market cap, ADA has been the third-best performing altcoin in August, but the new month started with losses. Analyst Ali_Charts predicts a price surge above $1, supported by an ascending channel pattern on a 4-hour chart. While breaking above $0.88 is critical for this rally to reach $1.20, strong buying volume will confirm bullish trends. However, if ADA drops below the support, it may lead to further price declines. The ETF filing from Grayscale has also been cited as a potential catalyst for a price surge. If approved by the SEC, both ADA and Polkadot (DOT) could see significant inflows, potentially driving up their prices in the long term. ADA is currently trading at $0.82, with gains over 24 hours reaching 0.88%, but losses from last week are above 4% signaling a slowdown in buying activity.