Cardano price is currently consolidating in a tight range between approximately $0.91 and $0.97 after being rejected from the key resistance near $1.00. This pause follows a significant rally from its July lows.
The market is showing signs of indecision, with $ADA forming a symmetrical triangle pattern on the charts. Technical indicators like the RSI are neutral, and trading volume has decreased, suggesting traders are waiting for a decisive breakout to determine the next direction.
Key levels to watch are the resistance at $0.97 and support at $0.91. A break above resistance could target a move toward $1.00-$1.03, while a break below support might see a test of lower levels around $0.88 or $0.83. The overall structure remains above the crucial support base near $0.73.
