#Cardano ($ADA ) is generating excitement after a recent increase of 5%, testing the level of $0.66 again.

The cryptocurrency has surpassed a bullish formation, which fuels hopes of reaching the key resistance of $0.80.

Analysts are closely watching whether ADA will repeat its pattern from 2020-2021, where a similar breakout preceded a meteoric rise to its all-time high. If this materializes, we could see Cardano reach new heights by mid-August.