Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano price consolidates as traders eye $1 breakout – or deeper correction

Cardano price consolidates as traders eye $1 breakout – or deeper correction

Crypto.NewsCrypto.News2025/08/19 16:00
By:By David MarsanicEdited by Jayson Derrick

Cardano price is trading just under $0.88, showing signs of consolidation as traders are looking at which direction it will go next.

Summary
  • Cardano’s price saw a slight daily rise of 0.55% to $0.8763
  • The coin is currently engaged in a fight with Tron and Dogecoin for dominance
  • ADA formed a wedge and a golden cross pattern, indicating that big moves may be ahead

Cardano (ADA) price is gearing up for big moves, and what happens in the coming days may determine the direction. On Wednesday, August 20, Cardano traded at $0.8763, after a slight daily gain to $0.8763. This comes after the token saw a significant 10% daily decline from levels close to $1.

After reaching $1 earlier in the week, Cardano briefly overtook Tron (TRX) and Dogecoin (DOGE) in market cap. Now, the three tokens are locked in a fight for the 8th spot among the top crypto assets. Each is currently hovering above $30 billion in market cap, with Tron in the lead, followed by Dogecoin.

Cardano’s price could see a breakout

Technical indicators suggest that Cardano’s price is nearing an inflection point. Notably, the price is moving in a triangle pattern, which often leads to big moves, either up or down. Specifically, support and resistance are at $0.88 and $0.98.

If Cardano stays above $1, the token is set for a bullish breakout toward $1.10, $1.15, or even $2. However, a fall below the $0.88 support could signal that a major correction is coming. Still, other indicators suggest that a bullish breakout is more likely.

Specifically, Cardano’s price is also exhibiting a golden cross pattern, which is a classic bullish signal. This rare signal happens when the 50-day moving average crosses above the 200-day moving average. This indicator suggests that ADA could be set for the start of a longer uptrend.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!