Crypto
Cardano Price Trend Hinges on Short-Term Holder Profit-Taking and Flag Breakout Attempt
Cardano has been experiencing an uptrend since breaching its $0.19 resistance in the first week of July, after being in a long-term downtrend since October 2025.
The altcoin's price action has shown a series of higher highs since then, indicating a bullish trend.
However, this uptrend ran into the $0.255 resistance, which had been important in late April and May earlier this year.
A successful flag breakout attempt would present $0.29 as the next price target.
The Cardano network has also integrated the x402 codebase, which could attract developers, applications, and payment volume, potentially providing a bullish catalyst for the rest of the year.