Cardano recently hit a yearly high of $0.8 and climbed to a major resistance zone at $1.3. However, a consolidation phase is expected with prices fluctuating between $0.8 and $1.3. The weekly chart shows increasing buying pressure, but $1.3 remains a significant barrier. The 4-hour chart shows a decline in bullish momentum and a head and shoulders pattern forming, which could lead to a short-term correction.