Cardano nears $1: what is next?

$ADA surges toward $1 milestone amid Bitcoin's rally, showing impressive momentum after breaking key resistance levels. Following a low of $0.326 on November 5, ADA has cleared both 50 and 200-day moving averages, confirming bullish sentiment.

With strong market momentum, traders target $1.25 and potentially $2 as next objectives. However, the rally faces critical tests - a drop below $0.8 could trigger profit-taking and push prices toward $0.7 or $0.58.

Trading volume remains robust as broader crypto market confidence grows. Key support at $0.8 and $0.7 will be crucial for maintaining upward trajectory. 

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