Cardano is approaching a critical moment!
Cardano (ADA) has been experiencing strong price movement in recent days, as the price approaches the psychological resistance level of $1, which is considered a historical barrier that determines the upcoming trend. This level has played a significant role previously as a price reversal station, making it now a crucial test for buyers.
Analysts believe that breaking this barrier with a strong daily close could open the door for a bullish wave towards levels of $1.15 and $1.25, especially with rising trading volumes and increased investor interest in the project with upcoming technical updates.
On the other hand, if the breakout fails, we may witness a downward correction towards $0.92 – $0.88 before a new attempt to rise. As the markets continue to await macroeconomic news and Bitcoin's movement, all eyes remain focused on this critical level.
📊 Summary: Cardano is about to make a significant decision — a bullish breakout could ignite a new wave of gains, or a pullback could test the patience of the coin holders.
