{"id":8383,"date":"2025-08-20T19:47:07","date_gmt":"2025-08-20T19:47:07","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cardano-price-consolidates-as-traders-eye-1-breakout-or-deeper-correction\/"},"modified":"2025-08-20T19:47:18","modified_gmt":"2025-08-20T19:47:18","slug":"cardano-price-consolidates-as-traders-eye-1-breakout-or-deeper-correction","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cardano-price-consolidates-as-traders-eye-1-breakout-or-deeper-correction\/","title":{"rendered":"Cardano price consolidates as traders eye $1 breakout \u2013 or deeper correction"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Cardano price is trading just under $0.88, showing signs of consolidation as traders are looking at which direction it will go next.<\/p>\n<div id=\"cn-block-summary-block_8768eb4c5321ee64f6f8bc7f4c3a0277\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Cardano\u2019s price saw a slight daily rise of 0.55% to $0.8763<\/li>\n<li>The coin is currently engaged in a fight with Tron and Dogecoin for dominance<\/li>\n<li>ADA formed a wedge and a golden cross pattern, indicating that big moves may be ahead<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Cardano\u2019s price could see a breakout <\/h2>\n<p>Technical indicators suggest that Cardano\u2019s 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 $0.98.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$ADA<\/a> Double Bullish wedge breakout and a Golden Cross on Friday.<\/p>\n<p>I&#8217;ll just leave this here. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/JitsSbIy88\" target=\"_blank\">pic.twitter.com\/JitsSbIy88<\/a><\/p>\n<p>\u2014 The Long Investor (@TheLongInvest) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheLongInvest\/status\/1957148627257753859?ref_src=twsrc%5Etfw\" target=\"_blank\">August 17, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>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. <\/p>\n<p>Specifically, Cardano\u2019s 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. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s price saw a slight daily rise&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8383"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8383\/revisions"}],"predecessor-version":[{"id":8384,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8383\/revisions\/8384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2876"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}