- Cardano price is approaching the critical $0.94 resistance, having support at the strong level of $0.78.
- Cardano price surge past $0.90, getting ready for a possible run up toward $1.10.
- Cardano is strengthening in price, supporting major levels, with a target of 1.10 should the trend continue.
Cardano price has been slowly increasing, gaining traction in its drive to break above the important $0.94 resistance point. The level is important in indicating the next course of action of ADA, since a breakout may see it surge higher, and the rejection may see it consolidate.
Cardano Price Resistance and Support Levels Key
Cardano price has been facing resistance around the $1.10 – $1.15 level, resulting in successive pullbacks. As veteran trader Peter Brandt claims, ADA is now at the risk of losing the key $0.90 – $0.94 resistance area. The level will be critical in deciding whether the bullish trend is sustainable. Should the Cardano price remain above $0.94, a rise towards the area of $1.10 – $1.15 is possible.
Source: Peter Brandt/X
On a negative note, the dollar range $0.78-$0.80 is the major support area, Cardano price has been bouncing regularly above this point. Cardano price should not break below this support to continue with the bullish mood. A fall below $0.78 may indicate a change in market sentiment that may drive the price further downwards to around $0.70 – $0.60.
Cardano price has faced massive resistance between the $1.10-$1.15 price level which has attracted various pullbacks. Analysis by ali_charts has shown that ADA is attempting to test the critical resistance zone of $0.90 – $0.94.
This level will be crucial in understanding whether the bullish trend may persist. If the Cardano price holds above $0.94 levels, it could set the stage for a move towards the $1.10-$1.15 area.
Source: Ali_charts/X
On the other hand, the $0.78 – $0.80 range continues to play out as a vital support area, and ADA continues to bounce well off this level. Cardano price should not fall below this support to sustain the bullish sentiment. This may indicate a change in market sentiment, and a break of $0.78 may occur, pushing the price down to the range of $0.70 – $0.60.
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