🔥 Cardano (ADA) Update — Key Developments & Market Outlook

Cardano has surged 20% recently after major network upgrades, and several bullish indicators suggest deeper upside potential ahead:

The Plomin hard fork and integration with the Brave browser have improved governance and ecosystem utility — powering investor confidence .

ADA now sits in the top ten largest cryptocurrencies by market cap and is drawing renewed attention from institutional and retail buyers .

📈 **Technical Momentum & Price Targets:**

ADA has broken resistance at $0.74, pushing out over $60 million in short positions — a potential squeeze setup toward **$0.90+** .

Analysts like Investing Broz foresee a rally to $1.90, citing structure breakouts and market momentum .

Some bullish scenarios even target $6–$12 in this cycle, although these are more speculative .

📉 **Short-Term Pullback Risks:**

ADA recently slipped ~5% from its highs around $0.86, typical of a retracement in an ongoing uptrend .

Today’s price shows bearish signs on hourly charts, trading at ~$0.827 following sharp technical corrections .

---

🧭 Summary & Takeaways:

1. Strong fundamental upgrades underpin Cardano’s recent 20% rally.

2. Key resistance at $0.74 now broken — shorts may get squeezed.

3. Medium-term targets: $0.90 → $1.90+ if momentum holds.

4. Short-term dip or consolidation likely — watch $0.80 as pivot.

💬 What’s your view? Will ADA break higher or cool off first? Drop your thoughts below!

👉 Follow me for real-time crypto updates and ADA market insights.

#ADA #Cardano #CryptoNews #Altcoins #BinanceFeed