Crypto News Focus

Cardano Price Update: ADA Tests $0.90 Resistance with $1 Potential

Cardano (ADA) is approaching a critical juncture as it tests the $0.90 resistance level. Traders and investors are watching closely to see if buyers can push ADA higher, potentially setting the stage for a breakout toward $1.

ALSO READ:Cardano Eyes $0.92 After Falling Wedge Breakout as $40M Exits Exchanges

Resistance Under Pressure

Buyers have managed to lift ADA close to the $0.90 mark, a level that has proven challenging in the past. Breaking this resistance and turning it into a support level could signal a strong bullish phase. If successful, Cardano may revisit $1 and even aim for new yearly highs. The next few days will be pivotal in determining whether the bullish momentum is strong enough to overcome this resistance.

CARDANO/ TetherUS PRICE CHART FOR 3 DAYS PERIOD
Chart by TradingView.

Cardano Buyers Return, But Remain Cautious

Despite the upward movement, the buying strength remains tentative. Current volume levels suggest that while buyers are present, they are not yet forceful enough to guarantee a decisive breakout. Sellers have largely stayed on the sidelines so far, but could return if ADA shows signs of stalling at $0.90. Traders should monitor volume and price action closely in the coming sessions to anticipate potential reversals or breakthroughs.

Chart by TradingView.

ALSO READ:Cardano Founder Predicts Bitcoin DeFi Will Surpass Ethereum’s Entire Market Cap

Buy Volume Shows Signs of Life

After a slow August, Cardano’s trading volume has started to pick up in September. A small spike in buying activity indicates renewed interest, and if this trend continues with higher highs on volume, the likelihood of ADA breaking above $0.90 increases. Strong volume will be essential to maintain upward momentum and to secure a breakout that could propel Cardano toward its next major target of $1.

Cardano ADA’s Key Levels to Watch

For traders, important support levels to note are $0.77 and $0.70, which could act as safety nets if selling pressure returns. On the upside, the main resistance levels are $0.90 and $1, with the latter representing a significant milestone for Cardano in 2025.

As Cardano tests these levels, market participants should remain attentive to both price movements and volume signals. A confirmed breakout above $0.90 could mark the start of a bullish trend, while failure to maintain support may lead to short-term consolidation or pullback.

MIGHT ALSO LIKE:Pi Network Reaches 12 Million Mainnet Users as Protocol 23 Upgrade Nears

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Exit mobile version