Cardano ( $ADA ) tests the $0.75 resistance level again—will bullish momentum break through or stall once more?

Cardano (ADA) is knocking on the door of a key $0.75 resistance level once again. A successful break could spark bullish momentum, but another rejection might send the price tumbling back down.

💥Cardano Price Tests Critical $0.75 Level

Cardano is trading at $0.738 right now, creeping up toward that stubborn $0.75 resistance that's been giving bulls a hard time. Looking at the 4-hour chart, ADA has been grinding higher within a downward-sloping channel over the past few days. If buyers can finally muscle through this $0.75 barrier, the next stop would be around $0.80.

What's encouraging is that ADA has been making higher lows since early August, showing some real fight despite the overall bearish structure. The price is steadily working its way toward the top of that descending channel, and you can feel the momentum starting to build.

💥Can ADA Break Free From This Downtrend?

The chart tells a pretty clear story - we've got a textbook downtrend with clean resistance and support lines. But here's where it gets interesting: ADA looks like it's gearing up for a breakout attempt. If we see a solid close above $0.75 backed by decent volume, that would basically throw the current downtrend out the window and potentially kick off a run toward $0.80.

On the flip side, if this resistance level smacks Cardano back down again, we're probably looking at more of the same downward action. In that scenario, the price could easily slide back to support around $0.70, or even test the lower channel boundary near $0.64.

💥RSI Shows Building Momentum

The RSI indicator is painting a somewhat optimistic picture. It's been climbing out of oversold territory and showing an upward slope, which suggests the bears might be losing their grip. While it's not screaming "buy" just yet, the momentum shift is definitely worth watching. If this momentum keeps building, $ADA might just have what it takes to punch through that resistance.

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