ADA has crossed the $1 mark for the first time since 2022! What are the key levels to watch, and what can we expect for its price?
Key Support and Resistance Levels
Support: $0.90
Resistance: $1.30
ADA Breaks Above $1
For the first time since 2022, Cardano (ADA) has climbed above the psychological level of $1. This significant growth has drawn market attention and signals improved sentiment around the cryptocurrency.
Buyers are now working to maintain the price above this critical level. If successful, the rally could continue, driving ADA’s price even higher.
Strong Buyers Are Back
Weekly trading volumes reveal that ADA is experiencing its highest demand since the last bull market. This surge in interest suggests a return of altcoin season, a promising sign for ADA holders.
Cardano is expected to benefit from this momentum in the coming weeks and months, potentially leading to further price increases.
Momentum Remains Bullish
Although the price is currently consolidating around $1, technical indicators point to a continued bullish trend.
The weekly MACD remains in positive territory, with the histogram showing higher highs, confirming strong momentum.
If ADA sustains this trajectory, there’s no reason for the rally to end anytime soon.
Summary
Cardano has surpassed the $1 mark, signaling the return of bullish sentiment to the market. If buyers can hold this level, ADA may continue its rally, supported by growing investor interest. The next key resistance lies at $1.30, which ADA will need to overcome to achieve higher price levels.
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