TLDR
- Charles Hoskinson revealed Cardano is working on partnerships with USD1 stablecoin, Chainlink, and Aave
- USD1 could become the largest stablecoin in the Cardano ecosystem if integrated
- Cardano price is consolidating near $0.82 within an ascending channel pattern
- Analysts identify $0.88 as the crucial breakout level that could trigger a rally toward $1.20
- ADA has strong support at $0.78-$0.82, maintaining its bullish structure
Cardano founder Charles Hoskinson has set the crypto community abuzz with announcements of potential major partnerships, while ADA price shows signs of preparing for a possible breakout. During a recent AMA session on August 31, Hoskinson revealed that the Cardano ecosystem is actively pursuing several cross-chain partnerships with prominent projects.
Among the most notable potential partners is World Liberty Financial (WLFI) and its USD1 stablecoin. When asked about the possibility of USD1 launching on Cardano, Hoskinson expressed confidence, stating that Cardano “can land that deal.”
USD1 is a dollar-pegged cryptocurrency issued by WLFI, a DeFi project inspired by President Donald Trump. The stablecoin launched in March on Ethereum and BNB chains before expanding to the Tron network in June.
The stablecoin has gained substantial traction in the market. It currently ranks as the fifth-largest stablecoin with a market capitalization of $2.67 billion.
Hoskinson disclosed that IOG Chief of Staff J.J. Siler is in active discussions with WLFI co-founder and CEO Zach Witkoff regarding the potential integration. If successful, USD1 would become the largest stablecoin in the Cardano ecosystem.
This partnership could drive more user transactions on the Cardano network, potentially boosting its utility and adoption.
Chainlink and Aave on Cardano’s Radar
Hoskinson also mentioned ongoing talks with Chainlink, though he noted this collaboration might take longer to materialize. According to the founder, the Chainlink team presented “an absurd number for integration.”
Despite this challenge, Hoskinson remained optimistic, stating that Cardano would “handle it” and “figure it out.” He praised Chainlink founder Sergey Nazarov, calling him “extremely smart” and a good negotiator, while noting that Chainlink is sitting on “a golden egg.”
The Chainlink ecosystem has received increased attention recently due to growing institutional interest. It recently collaborated with the US Department of Commerce to bring economic data on-chain.
Hoskinson also expressed interest in integrating with Aave, another major DeFi protocol. “I’d like USD1, I’d like Aave, I’d like Chainlink,” he stated, adding that “there’s a bundle there,” and Cardano is working toward partnerships with these projects.
Price Analysis: ADA Holding Key Support
While these partnership discussions unfold, Cardano’s price action shows interesting developments. ADA has been trading sideways in recent sessions, finding stability around the $0.82 level after a period of corrections.
This consolidation phase has created an interesting setup for traders. The cryptocurrency is maintaining its position within a well-defined ascending channel pattern that suggests potential for another upward move.
Cardano is currently trading between $0.82 and $0.84, with buyers defending the important $0.78 support level. This stability indicates that another move higher could be approaching.
Crypto analyst @ali_charts highlighted this setup, noting that ADA needs to break above $0.88 to confirm the bullish trend remains intact. If it pushes through this resistance, targets include $1.05 initially, with potential to reach $1.20-$1.23 based on technical projections.
Cardano $ADA must break $0.88 to confirm a rally toward $1.20! pic.twitter.com/BpCLzSor4B
— Ali (@ali_charts) September 1, 2025
The technical roadmap for ADA includes a key breakout level at $0.88, with upside targets at $1.05, $1.15, and $1.20-$1.23. Support levels are established at $0.78, $0.72, and $0.66.
If ADA fails to break through $0.88, it might retest $0.78 or even $0.72 before attempting to move higher again. However, as long as it maintains above the current channel support, the chances of a breakout toward $1.20 remain strong.
Cardano’s price continues to show strength within its upward trending channel. As long as the $0.78-$0.82 support area holds, the overall picture remains bullish.
The post Cardano (ADA) Price: Technical Analysis Points to Potential $1.20 Target appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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