Analyst Says Cardano Could Smash $1.31 ADA Price if Bulls Make This Move

Key Points

1. Cardano's ADA has shown bullish momentum, trading above $0.80 with a 3.95% gain in the last 24 hours.

2. Analyst Ali_Chart suggests ADA could test the $1.31 resistance level if it achieves a daily close above $0.85.

3. At the time of reporting, ADA was trading at $0.81, with a 63% increase in 24-hour trading volume and a 4% rise in market cap.

4. The number of altcoins outperforming Bitcoin has increased from 30 to 50 in a week, indicating a broader altcoin market rally.

5. The article includes a disclaimer noting the volatility of cryptocurrencies and advising independent research before investment.