Cardano price is trading just under $0.88, showing signs of consolidation as traders are looking at which direction it will go next.

Cardano Price的交易价格不到0.88美元，显示出贸易商正在关注下一个方向时的合并迹象。

Cardano (ADA) price is gearing up for big moves, and what happens in the coming days may determine the direction. On Wednesday, August 20, Cardano traded at $0.8763, after a slight daily gain to $0.8763. This comes after the token saw a significant 10% daily decline from levels close to $1.

Cardano（ADA）的价格正在为大型举措做好准备，未来几天发生的事情可能会决定方向。 8月20日，星期三，Cardano的股价为0.8763美元，每天略有收益至0.8763美元。这是在代币从接近1美元的水平下降10％下降之后。

After reaching $1 earlier in the week, Cardano briefly overtook Tron (TRX) and Dogecoin (DOGE) in market cap. Now, the three tokens are locked in a fight for the 8th spot among the top crypto assets. Each is currently hovering above $30 billion in market cap, with Tron in the lead, followed by Dogecoin.

在本周早些时候达到1美元之后，Cardano短暂地超过了Tron（TRX）和Dogecoin（Doge）的市值。现在，这三个令牌被锁定在争夺顶级加密资产中第八名的战斗中。目前，每个人都徘徊在300亿美元以上的市值，Tron领先，其次是Dogecoin。

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Cardano’s price could see a breakout

卡尔达诺的价格可能会突破

Technical indicators suggest that Cardano’s price is nearing an inflection point. Notably, the price is moving in a triangle pattern, which often leads to big moves, either up or down. Specifically, support and resistance are at $0.88 and $0.98.

技术指标表明，Cardano的价格接近拐点。值得注意的是，价格正在以三角形的方式移动，这通常会导致上下的大动作。具体而言，支持和阻力为0.88美元，$ 0.98。

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If Cardano stays above $1, the token is set for a bullish breakout toward $1.10, $1.15, or even $2. However, a fall below the $0.88 support could signal that a major correction is coming. Still, other indicators suggest that a bullish breakout is more likely.

如果Cardano停留在1美元以上，则代币将以看涨的突破为1.10美元，1.15美元甚至2美元。但是，低于$ 0.88的支持下降可能表明即将进行重大更正。尽管如此，其他指标表明，看涨的突破更有可能。

Specifically, Cardano’s price is also exhibiting a golden cross pattern, which is a classic bullish signal. This rare signal happens when the 50-day moving average crosses above the 200-day moving average. This indicator suggests that ADA could be set for the start of a longer uptrend.

具体来说，Cardano的价格也表现出金色十字图案，这是一个经典的看涨信号。当50天移动平均线超过200天移动平均线时，这种罕见的信号就会发生。该指标表明，可以将ADA设置为更长的上升趋势。

Read more: Cardano price prediction: Is $1 a realistic target for ADA this year?

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