Cardano Eyes Big Break After Bullish Triangles and Flag Structures Signal Fresh Run

Cardano (ADA), the 10th-largest cryptocurrency, is holding firm at the key $0.8 level, fueling momentum toward the $1 milestone.

HolderStat acknowledged that ADA is consolidating above the $0.81–$0.82 support, forming bullish triangle and flag patterns. With resistance at 0.95–0.96 in sight, a breakout could propel the price toward $1.00 and beyond.

The market analyst added, “As long as ADA stays above 0.82, bulls maintain control of the mid-term trend, building on strong technical momentum.”

Therefore, technical indicators show Cardano is consolidating in bullish patterns like triangles and flags, often precursors to strong rallies, with attention now turning to resistance at $0.95–$0.96 and major support at the $0.82 zone.

At the time of this writing, Cardano was trading at $0.8135, showing that it’s still game on for ADA.

Cardano Eyes Key Partnership with Chainlink and WLFI

In a recent Ask Me Anything (AMA) session, Cardano founder Charles Hoskinson revealed ongoing talks with major projects like World Liberty Financial (WLFI) and Chainlink (LINK), signaling potential new collaborations.

World Liberty Financial recently launched its dollar-pegged stablecoin USD1 with a Token Generation Event, releasing 20% of the 3 billion supply. Major exchanges have already listed WLFI for spot trading, while USD1 is set to debut on Solana via Raydium on September 2.

Notably, Hoskinson emphasized Cardano’s push to integrate with Chainlink, noting the process is complex but worthwhile, describing Chainlink as ‘a project sitting on a golden egg.

Meanwhile, leading asset management firm Grayscale Investments recently filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Cardano exchange-traded fund (ETF), expanding its push into altcoin-based funds.