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Cardano Holds Above $0.80 as Coinbase Reserve Surge Puts $0.96 Breakout in Play

A sharp build in Coinbase reserves concentrates attention on the $0.96 breakout level.

Overview

  • ADA trades near $0.84–$0.90 with a market cap above $30 billion, repeatedly defending the $0.80 support band.
  • Exchange data show Coinbase’s ADA balance jumped 462% to 9.56 million, a move analysts view as positioning for a potential advance.
  • Analysts flag a symmetrical triangle and bullish flag setup, with a push above $0.96 and then $1.02 seen as opening targets around $1.30–$1.90.
  • On-chain activity remains steady with consistent active addresses and elevated staking participation, reinforcing a constructive backdrop.
  • CoinCentral reports an unconfirmed Google Cloud validator node and stablecoin-integration rumors, while downside risk persists toward $0.80–$0.75 if momentum fades.