Integration with the Brave wallet could push Cardano's price towards a range of $1.10 to $1.30, potentially starting with a breakout to $0.90.

Cardano's Current Consolidation

Cardano (ADA) is currently trading near $0.82, consolidating within a symmetrical triangle pattern established since mid-July. This pattern indicates a period of reduced volatility, balanced between support at $0.75 and resistance at $0.90, with an RSI near 45 suggesting equilibrium. Traders are closely monitoring the potential for a breakout.

Breakout Potential & Target Levels

A decisive break above the $0.90 resistance level could trigger a bullish move, potentially pushing ADA's price towards targets of $1.10 and $1.30. Conversely, failure to break above $0.90 could lead to a retest of the $0.78 support level, indicating continued sideways trading. Volume confirmation is crucial for breakout reliability.

Ecosystem Integration and Outlook

The integration of Cardano into Brave’s built-in wallet connects 100 million users, enhancing accessibility and potential on-chain activity. This update, along with initiatives like the Glacier Drop, aims to boost adoption and long-term demand. Traders should monitor volume, ecosystem developments, and overall market conditions for confirmation of directional moves.

Trading Considerations

COINOTAG recommends using advanced trading tools for futures, including sizing, stops, and scenario planning. Key levels to watch are $0.75, $0.78, and $0.90. For a bullish continuation, a daily close above $0.90 with increased volume is required.