Cardano price today is trading near $0.883, holding steady after breaking above its descending trendline. The move has shifted attention toward the $0.90–$0.95 resistance area, where broader market catalysts and the Midnight sidechain narrative could drive the next leg.

Cardano Price Breaks Out Of Compression

On the 4-hour chart, ADA has finally broken above a descending structure that contained price for nearly three weeks. Buyers defended the $0.82 support floor multiple times, with momentum building as moving averages began to converge.

The breakout took price above the 20-day EMA at $0.85 and the 50-day EMA at $0.84, turning them into immediate support. A successful hold above these levels keeps the path open for $0.90 retests. Beyond this, the $0.95 supply zone looms as a critical test for bulls.

Related: Ethereum (ETH) Price Prediction For September 10

Bollinger Bands on the daily chart are widening after a period of contraction, signaling that volatility is returning in ADA’s favor.

Midnight Sidechain Launch Sparks Optimism

BREAKING NEWS:

MIDNIGHT MAINNET LAUNCH SET FOR Q4 2025

The @MidnightNtwrk …

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