• Cardano (ADA) is testing a critical resistance at $0.7533, and a breakout could propel it toward $0.80–$0.85.
• Cardano’s bullish momentum is building, but failure to break resistance may lead to consolidation or a pullback.

Cardano (ADA) is showing strong bullish momentum, currently trading at $0.7533 after a 3.30% increase in the last 24 hours. As ADA fluctuates between $0.7213 and $0.7533, traders are watching closely for a decisive breakout. Could this be the start of an explosive rally? Let’s dive into the key technical levels across different timeframes.

Monthly Chart: Bulls Eye a Breakout

Over the past year, ADA has ranged between $0.31 and $1.23, indicating high volatility. For a confirmed long-term uptrend, ADA must break above a key resistance level.

• Support: $0.5706 – A critical demand zone.
• Resistance: $1.17 – A breakout above this level could signal a massive rally.

While the monthly trend remains neutral, a surge past $1.17 would confirm ADA’s bullish trajectory.

Daily Chart: Testing Crucial Resistance

ADA has surged 6.60% over the past week, showing strong bullish momentum. However, the immediate hurdle is the $0.7531 resistance level. A breakout here could propel Cardano to higher targets.

• Support: $0.7226 – Holding this level is essential for continued upside.
• Resistance: $0.7531 – A breakout could drive ADA toward $0.80–$0.85.

If ADA surpasses $0.7531, the next targets are $0.78 and $0.85. However, losing support at $0.7226 might push the price down to $0.70 or even $0.65.

4-Hour Chart: Short-Term Strength Building

The 4-hour chart reflects strong buying activity, with ADA bouncing between $0.7213 and $0.7533. A break above immediate resistance could fuel a short-term rally.

• Support: $0.7213 – A dip below this level could weaken momentum.
• Resistance: $0.7533 – A breakout could set the stage for further gains.

What’s Next for ADA?

ADA is at a critical breakout point. If the price clears $0.7533, expect a push toward $0.78 and $0.85. However, failure at this resistance could lead to consolidation or a pullback toward $0.7226 and $0.70. Traders should keep a close watch on these key levels as ADA gears up for its next big move!