Analyst States What Could Trigger Cardano (ADA) Rally to $1.31

Key Points

1. Analyst Ali states that a daily close above $0.85 could push Cardano (ADA) toward the next key resistance at $1.31.

2. ADA has shown strong upward movement, recovering from lows near $0.55 in July to trade around $0.74 at the time of analysis.

3. Some community members, like Delfina Reds, are skeptical about ADA sustaining gains above $1, predicting a drop back to lower levels.

4. ADA has historically struggled to maintain upward momentum after testing psychological thresholds like $1.

5. The $0.85 resistance level is seen as a critical focal point for ADA's potential rally.