{"content":"Cardano Ignites 🚀 – Bulls Eye Breakout Above Triangle Formation Bulls are chasing a breakthrough as Cardano rises in a triangle. Charles Hoskinson supports Ergo after HTX delisting, suggesting a partner chain. Cardano Open Interest rises as long holdings enhance demand. Cardano (ADA) trades over $0.90 at press time on Friday, near a daily chart symmetrical triangle pattern's resistance trendline. A partner chain proposal from Cardano inventor Charles Hoskinson supports Ergo, a Proof-of-Work blockchain, while derivative data implies bulls are expecting a breakthrough. Hoskinson suggests Ergo partner chain Charles Hoskinson reposted Ergo's X article on Wednesday to illuminate DEX liquidity and CEX financial pressure on tiny crypto ventures. Ergo claimed in this article that HTX requested $100,000 in marketing costs and delisted after rejection. Hoskinson offered Ergo a partner chain development to fight the delisting, which helped ADA rise 3.81% on Wednesday. A partner chain would enable Ergo use Cardano's infrastructure for combined mining, which might boost demand for both projects, transaction speed, and miner payouts. The Taker buy/sell volume shows a large increase in long holdings to 51.31% from 47.06% on Monday, supporting the mood. Cardano rebound hopes triangle breakout extends gains. Cardano gains roughly 1% at press time on Friday, its fourth straight gain. The recovery run breached the 200-day EMA and 50% retracement line, drawn from $1.3264 on December 3 to $0.5100 on June 22 at $0.9182. The daily chart's overhead trendline of a symmetrical triangle formation around $0.9500 is being challenged by the recovery run. A solid close above this level would confirm the pattern breakout, targeting $1.0145 at the 61.8% Fibonacci retracement level. #Cardano #ADA #FedRateCut25bps #AltcoinSeasonComing? #Write2Earn $ADA $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/19/9477c177740c420592adb0dc4c2f35fa.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}