Cardano (ADA) Nears $0.80 Level. Will It Break or Bounce? ☄️🔥
Cardano ($ADA ) is currently flirting with a significant $0.80 resistance zone. If bulls push through decisively, the path could clear toward $1.30, buoyed by MACD, RSI and Fibonacci signals hinting at sustained momentum.
On the flip side, repeated rejections around $0.76–$0.80 raise the risk of a pullback toward support levels near $0.72 or lower. A bounce from there could form a range-bound consolidation before another breakout attempt.
So what’s the likely scenario?
– Breakout: Strong volume and positive indicators could fuel a spike, targets: $0.90, then $1.20–$1.30.
– Rejection: Without sustained buying, ADA might dip back to $0.72–$0.74 support, waiting for renewed bullish impetus.
Keep an eye on trading volume and RSI. If they support a thrust upward, ADA may seize the breakout. Otherwise, the $0.80 barrier may hold for now.
