Cardano must break $0.75 resistance to confirm a move toward the $0.80–$1.08 price zone.
Technical patterns and EMA support suggest ADA is building momentum for a potential breakout.
On-chain data shows rising network activity, signaling growing user interest in Cardano.
Cardano (ADA) is showing renewed bullish momentum as it trades near $0.71, with analysts closely watching the $0.75 resistance. Market participants suggest that a clean break above this level could mark the beginning of a breakout toward the $0.80 zone, pending confirmation from technical indicators and volume.
ADA Must Clear Key Channel Resistance for Next Leg Up
Cardano continues to test the upper boundary of a descending channel that has restricted its price action for several months. According to an analysis prepared by crypto analyst Ali via X, ADA is approaching a decision point. The asset must close decisively above $0.75 to confirm a breakout and initiate a rally toward $0.80 or higher.
https://twitter.com/ali_charts/status/1920390114590519578
On the 4-hour chart, Cardano has respected both the upper and lower bounds of this parallel channel. Several attempts to break above $0.72 and $0.74 have so far failed to hold. ADA is currently trading above the 50-day EMA at $0.6796, showing strength as it continues to build a higher base. The price also tested the resistance at $0.762, which aligns with the neckline of an inverted head and shoulders pattern.
A breakout from this neckline may trigger a 40% move toward the $1.08 level, based on Fibonacci projections. However, failure to clear the resistance could result in a pullback toward $0.6988 or the 50-day EMA support.
Technical and On-Chain Data Support Strengthening Outlook
According to an observation by analyst Sssebi on X, ADA closed a daily candle above $0.76, calling it a “crucial” move. This signals a potential trend shift if buyers maintain control. The MACD has crossed bullishly, and RSI remains above 50, supporting a positive short-term trend.
On-chain metrics also show increased interest in the Cardano network. According to IntoTheBlock data, active addresses rose 11.99%, while new addresses climbed 4.79% in the past week. These indicators point to growing usage, which often supports upward price movement during early recovery phases.
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