The price $ADA needs a breakthrough
At the time of writing this analysis, Cardano is trading at $0.70, which indicates a growth of 13% over the last day. If this bullish trend continues, ADA is likely to face resistance around $0.77. Historically, the range from $0.70 to $0.77 has been a consolidation zone.
A successful breakout above $0.77 will indicate further movement towards $0.85. Breaking the $0.80 level will show that Cardano is ready to resume its long-term bullish trend.
However, the optimistic forecast may not come true if Cardano fails to maintain current price levels. If the value of ADA falls below $0.70 and reaches $0.63, it could nullify recent gains and lead to further declines. In that case, the positive momentum will be short-lived, and the bearish trend may strengthen.
