*Cardano Price Breaks Above Critical Range: A 12% Upswing Could be Imminent in Next 24 Hours!*
Historically, the start of the last quarter has been extremely bullish for the entire crypto space.
*A similar breakout has occurred in 2023 and hence, the latest rise could prove to be a crucial one in determining the next course of action.*
The price has already breached the important resistance, but it needs to validate the breakout, which may occur only if the ADA price meets certain conditions.
The weekly chart of Cardano indicates the token is slowly rising above the bearish captivity.
Therefore, this technical formation points towards an extended consolidation until buying pressure mounts over the token.
The token is currently battling with 50-day SMA & EMA, while the drop in the volume hints towards short-term pullbacks before initiating a strong upward movement.
Therefore, the Cardano (ADA) price rally is expected to kick off shortly and may potentially form a new ATH in 2025.
The *token broke above some crucial range,* which has revived the possibility of starting a fresh bullish spell in a short while from now.
In the meantime, the bears continue to be hopeful, which may raise some concerns over the next price action.
