$ADA

Cardano (ADA) has recently broken through a key resistance level, with market sentiment suggesting a potential price target of $1.20. According to recent analyses, ADA has surpassed the $0.60 resistance, with technical indicators like the 0.786 Fibonacci retracement level and a bullish broadening wedge supporting the upward momentum. If ADA maintains support above $0.5879–$0.5969 and closes above $0.6230, it could target higher levels like $0.6544, $0.6858, or even $0.7052, paving the way toward $1.20. Posts on X also reflect optimism, with some traders eyeing $0.90–$1.20 as feasible targets. However, failure to hold $0.54 could lead to a pullback to $0.50 or lower. Despite a 9.07% drop in trading volume to $1.16 billion, bullish signals like a weekly golden cross suggest growing momentum. Always consider market volatility and conduct thorough research before trading.