Recently, the market for altcoins has warmed up, and Cardano is surging, now the price is approaching the 0.88~0.90 USD range. This range has historically been a 'ceiling' that has continuously blocked the upward momentum.

Technical charts show that since mid-July, the lows have been continuously rising, indicating that buying pressure is getting stronger and that investors are entering the market with confidence. Additionally, ADA is closely following the upper trend line, and this momentum has clearly increased. Once it breaks through smoothly, it could directly trigger the next round of increases, with a target that may even reach 1.50 USD!

Traders are particularly focused on the psychological barrier of 1 USD, which is the key support level for the next major increase. Once it breaks through, not only will retail investors be excited, but institutional funds may also rush in, driving ADA to accelerate upward once again.