Cardano (ADA) Shows Bullish Momentum
Cardano is trading at $0.9607, up 6.25%, after a strong rebound from the $0.86 support. The price is currently testing the $0.96–$0.98 zone, and a breakout above $1.00 could trigger further upside toward $1.04 and $1.08. However, failure to hold above $0.94 may invite a pullback toward $0.92. Momentum remains bullish, but traders should watch for rejection at the $1.00 resistance.
Trade Setup:
Entry: $0.955 – $0.965
Target 1: $1.00
Target 2: $1.04
Stop Loss: $0.94