Usman Salis
Cardano has been playing it relatively quiet lately, sitting comfortably around the $0.82 mark while the broader crypto market continues its wild swings. But don't let this calm fool you – there's some serious action brewing beneath the surface. Traders are laser-focused on one particular level that could be the catalyst for ADA's next big move, and if the stars align, we might be looking at a pretty exciting run ahead.
ADA Price Consolidation Before a Breakout
Cardano is hanging around $0.8163 right now, showing some nice stability while other coins are bouncing all over the place. The real game-changer everyone's watching is that $0.96 level – it's like a gateway that could either open the floodgates for a bullish run or keep ADA stuck in this sideways dance a bit longer.
Top trader @CryptoTony__ is pretty excited about what he's seeing on ADA's weekly chart. He's calling a move above $0.96 one of the safest long positions you could take on Cardano right now. The way he sees it, ADA has been building a solid foundation above its key support levels, setting up perfectly for a breakout that could happen any day now.
If ADA manages to push through and hold above $0.96, Tony thinks we could see a quick run to $1.10–$1.20, with even more upside possible if momentum really picks up past $1.30.
Key ADA Price Levels to Watch
Here's what traders are keeping their eyes on:
- Support zone: $0.78 – $0.80 (where buyers are likely to step in)
- The magic level: $0.96 (the "safe long" entry point)
- Upside targets: $1.10 → $1.20 → $1.30
- Current price: $0.8163
Cardano is sitting at one of those make-or-break moments that crypto traders live for. With the technical setup looking pretty solid and respected analysts like giving the thumbs up on that $0.96 level, there's definitely some buzz building around ADA. If it can punch through this resistance, we might just witness the start of a fresh rally for one of crypto's most established players.
Usman Salis
