$ADA Cardano jumps past $0.80 after soft CPI data, with traders targeting the key $1 mark amid renewed crypto market optimism.
Cardano (ADA) just broke free from months of sideways grinding, rocketing past the stubborn $0.80 resistance. The catalyst? Softer-than-expected CPI data that's got risk-on sentiment flowing back into crypto like water through a broken dam. This isn't just another false dawn – the technical setup looks genuinely promising.
✨CPI Data Sparks ADA Price Breakout Above Key Resistance
When U.S. CPI data showed inflation cooling more than expected, it fired the starting gun for risk assets. Cardano (ADA) responded immediately, punching through the $0.80 level that had been an impenetrable wall for weeks.
This breakout came with conviction, suggesting institutional money might be flowing back into altcoins. That $0.80 zone had rejected multiple attempts before, making this breakthrough significant from a technical perspective. Market sentiment has shifted dramatically – traders are now genuinely optimistic about entering a new crypto cycle phase.
✨Technical Outlook Points to $0.90-$1.00 Target Zone
ADA's charts are painting a compelling bullish narrative. The decisive break above $0.80 has cleared the path toward $0.90-$1.00 resistance. That psychological dollar level is where retail FOMO typically kicks into high gear.
The daily timeframe shows ADA holding comfortably above its newly-conquered $0.80 support – exactly what you want after a breakout. Bulls must defend this level, as any slip below $0.78 could signal weakening momentum.
Volume patterns support the bullish thesis. The breakout came with genuine buying interest, and if momentum continues, even the $0.90 level might not hold ADA back for long. However, failure to hold $0.78 would likely trigger a retest of $0.75 support. For now, the path of least resistance appears higher.
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