Cardano (ADA) Price: Triangle Pattern Points to Potential $1.10 Breakout
TLDR
Cardano (ADA) is trading within a symmetrical triangle pattern, indicating a potential breakout toward either $0.80 or $1.10
The $1.15 resistance level has repeatedly rejected ADA price advances and remains a critical barrier for bulls
Over 15 billion ADA tokens have been held for more than a year, reducing active selling pressure
Cardano has surpassed 5.5 million wallets, showing continued user base growth and adoption
Open interest increased 5.28% to $1.86 billion despite trading volume declining 12.42%
Cardano price is trading within a tightening symmetrical triangle formation that could determine its next major price direction. The pattern shows converging support and resistance lines as buyers and sellers battle for control.
The triangle’s support sits near $0.85 to $0.88 while resistance hovers around $0.95 to $0.98. Trading volume has declined as the pattern develops, which is typical behavior before a breakout occurs.
Technical analysts view symmetrical triangles as continuation patterns with a slight bias toward upside resolution. If ADA breaks above the upper trendline, the measured target reaches approximately $1.10 based on the triangle’s height.
$ADA is currently consolidating within this symmetrical triangle.
Usually this type of patterns have a slightly higher chance to break to the upside.
Target to the upside $1.10
Target to the downside $0.80 https://t.co/G3qkLTmbt3 pic.twitter.com/tZrKCWoS91
— Sssebi🦁 (@Av_Sebastian) August 17, 2025
A breakdown below support could send ADA toward the $0.80 level. This zone aligns with previous liquidity areas and represents the next major downside test for the cryptocurrency.
Key Resistance at $1.15
Beyond the triangle breakout, Cardano faces a more formidable challenge at $1.15. This level has acted as a ceiling multiple times over recent months, rejecting each rally attempt.
Chart analysis shows swift downside moves following each rejection at this price point. The horizontal resistance has proven to be a stubborn barrier for bullish momentum.
Even if ADA successfully breaks from its current triangle, the $1.15 zone remains the critical test. Bulls need a strong close above this level with increased volume to confirm genuine breakout strength.
A successful breach of $1.15 could open the path toward $1.30 to $1.35. This would invalidate previous rejection patterns and potentially trigger extended upside movement.
Supply Dynamics Support Bull Case
On-chain data reveals over 15 billion ADA tokens have remained unmoved for more than one year. This represents a substantial portion of circulating supply being held by long-term investors.
The extended holding pattern reduces active selling pressure in the market. Such accumulation behavior historically precedes major price rallies in previous cycles.
Google search interest for “altcoin” has surged to levels not seen since 2021. This suggests potential retail participation could return as price breaks through resistance zones.
Network growth continues with Cardano officially crossing 5.5 million wallets. The milestone demonstrates steady user base expansion and deeper ecosystem adoption.
The combination of reduced circulating supply and growing wallet numbers strengthens the foundation for potential price appreciation. More participants appear willing to hold ADA for extended periods.
Source: Coinglass
Derivatives data shows mixed signals with trading volume declining 12.42% to $5.20 billion. However, open interest increased 5.28% to $1.86 billion, indicating traders are positioning for future volatility.
The open interest weighted funding rate stands at 0.0108%, showing minimal bias toward long positions. This neutral positioning could allow for movement in either direction once the triangle resolves.
At current levels around $0.95, Cardano sits near the apex of its triangle formation. The compression between support and resistance suggests a breakout attempt is approaching.
Cardano’s current price action reflects a market in equilibrium, with the symmetrical triangle pattern indicating an imminent directional move toward either $0.80 or $1.10 targets.
The post Cardano (ADA) Price: Triangle Pattern Points to Potential $1.10 Breakout appeared first on CoinCentral.
Filed under: News - @ August 18, 2025 10:28 am