Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
Share
A recent triangle pattern breakout points to new highs amid fresh retail liquidity, but stacking catalysts for demand could push the Cardano price outlook even further.
The altcoin has surged 10% on the week in what now appears to be a lasting reversal, and a potential continuation of its mid-July bull run.
This strength is backed by a Trump-signed executive order granting crypto assets exposure to the $9 trillion 401(k) retirement investment market, with the potential to benefit Cardano.
Speculators now anticipate up to four U.S. interest rate cuts before year-end, starting as early as September, with the potential to stimulate new inflows into risk assets like crypto.
Still, near-term volatility is likely, with the August 12 PPI and August 14 CPI inflation readings set to influence the Fed’s rate-cut timeline.
Markets Postion Ahead of a Cardano Surge
With this new uptrend, smart money is doubling down Cardano. Over the past 48 hours, whales have scooped up over 200 million ADA, underscoring growing bullish conviction.
Coinglass derivatives data also shows surging speculative demand, with Open Interest picking back up 13% over the past week as traders actively engage with Cardano price movements.
These derivative traders appear to be positioning for a continuation. A long/short ratio of 2.6 on Binance shows that over 72% of traders are betting on price increases.
Cardano Price Analysis: Is this a 10x Setup for ADA?
With the bounce from the 0.618, a common bottom market for steep corrections, the Cardano bull run stands to continue with the breakout path of an 8-month descending triangle pattern.
The Cardano price now approaches a retest of its mid-July bull run top at $0.94, the last line of resistance for a 68% continuation to the triangle’s $1.30 target.
This comes as momentum indicators flash bullish for the first time since July. The RSI has reclaimed bullish territory above the neutral line at 55, suggesting buyer dominance.
The MACD line has also forming a golden cross, surpassing the signal line. On the daily chart, this often signals a mid-term uptrend taking root.
However, with demand yet to be priced in with potential integration into the U.S. TradFi market, $1.30 could be the next price floor.
With 401(k) adoption, and the October 10 deadline for a spot Cardano ETF approval, the added fuel of rate cuts could attract fresh retail and institutional interest.
This comes on top of fundamental catalysts like the partner blockchain Midnight, bringing cross-chain adoption to the Cardano ecosystem.
With these stacking catalysts for demand, the Cardano price could advance to milestones like $3, $5, and $10—a potential 1,150% gain from current levels.
An Early Shot at This Cycle’s Wildcard Meme Coin
Every bull run has a few tokens that explode in value because the community gets behind them.
Token6900 ($T6900) is shaping up to be one of those plays, and it is still early enough for new buyers to get in before the real hype begins.
Born from late-night chart watching, Solana meme coin sniping, and the absurdity of the crypto market, Token6900 is unapologetically simple.
There are no promises, no roadmap, and no utility. You are the utility.
It’s a fantasy escape from the grind of a 9-to-5 world where big institutions control the money.
Here, the community prints its own currency, driven by early 2000s nostalgia and the raw energy of “vibe liquidity.”
With a hard cap of $5 million, the earliest investors will be the ones positioned for the highest returns once trading goes live.
You can join the presale at the official Token6900 website and pay for T6900 token in seconds using crypto or a debit/credit card.
Click Here to Participate in the Presale
