according to the materials from the site - By CoinoMedia

Cardano ($ADA), one of the most tracked altcoins, has just broken through a key resistance level, attracting the attention of crypto traders and investors. This bullish trend could pave the way for significant price growth with target levels ranging from $0.90 to $1.20.
Technical analysts note that Cardano has struggled to stay above key resistance levels for several months. However, the recent breakout on higher volumes indicates a shift in market sentiment. If ADA maintains its momentum, this could mark the beginning of a strong upward trend.
Several factors could contribute to the growth of ADA. Firstly, renewed optimism in the cryptocurrency market as a whole, along with the stabilization and growth of Bitcoin and Ethereum positions. Secondly, the Cardano development team continues to release updates, strengthening confidence in the network's long-term potential.
Increased investor interest is also observed due to the rising open demand for ADA futures and increased trading volume in spot markets. Discussions on social media and search trends related to Cardano have also intensified, indicating a rise in interest from retail investors.
Analysts believe that if the ADA price holds above the recently broken resistance level, the next price range between $0.90 and $1.20 could become achievable in the short to medium term. However, any serious correction in the cryptocurrency market could still impact this momentum.
Investors should monitor support levels and volume dynamics, as these may indicate how sustainable the rally will be. So far, the breakout is drawing attention back to Cardano, and ADA holders have reasons for cautious optimism.
$BTC , $XRP , $BNB
#Сryptomarketnews , #TrumpTariffs
Here, in one news feed, we collect and publish the freshest news from more than a dozen news websites and print publications regarding changes in the cryptocurrency market and global financial changes!!!
Welcome to us! There are enough news for everyone!!! 😉