Saad Ullah
Cardano has been playing a familiar tune lately - dancing around the $1.15 level like it's afraid to commit. The crypto has been throwing punches at this resistance wall for weeks now, but each time it gets knocked back down. Today's no different, with ADA sitting at $0.9123, nursing a 3.43% daily decline after touching $0.9773 earlier.
ADA Price Faces Make-or-Break Moment at $1.15 Resistance
That $1.15 level isn't just any ordinary price point - it's become ADA's kryptonite. The charts tell a story of repeated failures, with arrows marking each rejected attempt like battle scars. This isn't coincidence; it's where serious sellers are waiting to dump their bags.
But here's the thing about resistance levels - they're only strong until they're not. If Cardano manages to punch through and actually hold above $1.15, we could see the floodgates open. Bulls have been accumulating down here, and a clean break could spark the kind of momentum that sends ADA hunting for much higher targets.
Cardano (ADA) Support Zone Remains Intact at $0.78
The flip side? That $0.78 support level sitting below like a safety net. It's been ADA's saving grace multiple times, and if the current consolidation turns ugly, that's where traders will be watching for the next bounce.
The setup's pretty straightforward - break $1.15 and we're likely heading north fast, fail here and $0.78 becomes the next battleground. With ADA trading in this tight range, the next move could be decisive for the weeks ahead.
Saad Ullah
