Cardano Price Analysis Hints at Breakout Beyond $0.89

ADAUSDT (ADA) is coiling near a key decision point after days of tight trading. The ADA price is hovering around $0.83, caught inside a symmetrical triangle that signals indecision between buyers and sellers. On the chart, resistance sits between $0.86 and $0.89, while support holds near $0.82 and $0.78.

A daily close above $0.89 would confirm a breakout, setting up a potential rally toward $0.93 and $0.95. The structure remains valid as long as the $0.78 support zone holds firm.

Momentum indicators on TradingView show a mixed picture. The Chaikin Money Flow (CMF) recently turned positive at 0.12, hinting at steady inflows from large buyers. However, the Money Flow Index (MFI) is slipping, making lower highs that reveal weak retail participation. This divergence—big wallets accumulating while smaller traders hold back—explains the current sideways movement.

On-chain data supports this cautious optimism. Whale addresses holding 10 million–1 billion ADA have added roughly 70 million ADA (about $59 million), suggesting quiet accumulation. But until the price clears $0.89, Cardano remains in wait-and-see mode.

A clean breakout above $0.89 could finally flip ADAUSDT sentiment bullish, while a drop under $0.78 risks invalidating the setup.