Cardano is back in the spotlight! 🚀 Recently, ADA reached an annual high of $0.8 and is heading towards resistance at $1.3. However, the market anticipates a phase of consolidation with fluctuations in the range of $0.8-$1.3.

The weekly chart shows that buyers have become active, but $1.3 remains a significant barrier. A pullback to $0.8 is possible in the near term, after which a new rise to $2 may begin.

The 4-hour chart shows a slowdown in bullish momentum due to resistance at $1.3. In the event of a downward breakout, the price could pull back to Fibonacci levels of $0.82-$0.7, giving buyers a chance to re-enter the market. 📈