Peter Smith
Cardano is making waves again, and this time it looks different. After months of sideways action, ADA just posted a solid +9.34% daily gain and is now knocking on the door of a technical pattern that could either make or break its next major move.
ADA Tests Critical Triangle Resistance
Cardano is currently trading at $0.913, staging what looks like a genuine comeback attempt. According to crypto trader @Av_Sebastian, ADA has bounced hard from recent lows and is now retesting that symmetrical triangle formation it broke down from earlier.
Here's the deal: bulls need to prove they can actually hold above this pattern, not just poke their heads up and get smacked back down. If ADA can close some solid candles within this technical setup, we could see a rapid push toward that magical $1 level everyone's been waiting for.
The volume spike adds some credibility to this move—it's not just retail FOMO driving the action.
Key ADA Price Levels to Watch
The roadmap to $1 isn't going to be a straight line. ADA needs to clear three key resistance zones:
- 1st hurdle: $0.91 (the current breakout test)
- 2nd barrier: Around $0.95
- Final boss: The $1.00 psychological level
What makes this setup interesting is that ADA bounced from $0.822 lows with real conviction. We've seen false breakouts before, but this one feels like it has some teeth.
Of course, Cardano has teased us with similar setups in the past, only to pull back at crucial moments. But if the triangle breakout holds and volume continues to support the move, that $1 target might finally be within reach for ADA holders who've been patiently waiting.
Peter Smith
