Cardano price is consolidating near $0.88 in a bullish flag; a confirmed breakout would target roughly $1.20, while Cardano DeFi TVL sits near $389M, signaling steady on-chain liquidity and continued market participation.
Cardano forms a bullish flag with a $1.20 breakout target.
ADA DeFi TVL is $389.46M, down roughly 5% in 24 hours.
Trading volume, RSI near 50, and active addresses show steady engagement during consolidation.
Cardano price outlook: Cardano price consolidates at $0.88 with a $1.20 breakout target; read analysis and on-chain metrics for actionable insight.
What is the Cardano price outlook after the Sunday fakeout?
Cardano price is trading near $0.8831 after a Sunday fakeout and appears to be forming a bullish flag that targets about $1.20 on a confirmed breakout. On-chain metrics and DeFi activity support continued interest while volatility remains moderate.
How is the technical setup shaping ADA’s breakout chances?
On the 4-hour chart ADA has consolidated between $0.80 and $0.95, creating a clear bullish flag pattern. Recent price action moved above a short-term trendline near $0.921, indicating renewed buyer activity.
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Volume increased on key upswings, while the 50-period moving average flattens, showing short-term support. RSI sits near 50, reflecting neutral momentum that precedes directional resolution.
Analysts referenced in market commentary (Elliotwave Forecast, August 5, 2025) maintain that ADA’s rally remains valid while recent lows from August 22 and August 2 hold. Historical cycle comparisons show similar consolidation phases preceding sharp trend extensions once resistance is cleared.
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Source: https://en.coinotag.com/cardano-could-target-1-20-after-consolidating-near-0-88-as-defi-tvl-stands-around-389m/