Peter Smith
Cardano is sitting at one of those make-or-break moments that crypto traders live for. Currently hovering around $0.90, ADA has been testing the patience of bulls who've watched multiple attempts to crack the $0.96 resistance fail.
Why Everyone's Watching $0.96
But here's the thing - analyst Crypto Tony just called this level his entry trigger for going long. When a resistance gets this much attention, the breakout usually delivers.
- Major Resistance: ADA has bounced off this level repeatedly, making it the line in the sand for any real bullish momentum
- Trend Reversal Signal: Flipping this resistance into support would confirm the bears are losing control
- Psychological Factor: Breaking 96 cents puts $1.00 back on the table, and round numbers always get retail excited
The Bigger Picture
Cardano isn't operating in a vacuum here. The broader altcoin market is showing signs of life thanks to Bitcoin holding steady and Ethereum staying resilient. Add in Cardano's growing ecosystem and ongoing development, and you've got the perfect setup for a breakout that actually sticks.
The path forward is pretty straightforward. If ADA punches through $0.96 and holds it on a retest, we're looking at targets in the $1.10-$1.15 range. That's a solid 20%+ move from current levels. But if the rejection comes again, expect a drop back to the $0.85-$0.87 support zone where buyers have stepped in before.
Peter Smith
