Cardano (ADA) has staged an impressive rebound, posting an 8% monthly gain as traders eye its next major move. At the time of writing, ADA trades at $0.887, testing a key resistance zone between $0.88 and $0.90.
Analysts note that Cardano has been quietly building higher lows since early September, a bullish technical setup that could pave the way for further upside.
According to community analysts, a clean breakout above the $0.90 mark could spark momentum toward $0.92–$0.95, while the psychological $1.00 level remains the ultimate target in the near term.
On the downside, immediate support lies between $0.86–$0.855, with deeper cushions at $0.84 and $0.82 if the rally loses steam.
Technical Setup Points Toward Breakout
Cardano’s chart structure is catching traders’ attention. Risin