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Cardano Builds Pressure Below $0.90 as $1.3B Volume Surge Signals $2 Breakout Imminent

2025-07-24 21:12:42

Cardano Builds Pressure Below $0.90 as $1.3B Volume Surge Signals $2 Breakout Imminent

Main Idea

Cardano (ADA) is consolidating below $0.90 with potential to reach $1–$1.05, supported by strong trading volume and bullish technical indicators.

Key Points

1. Cardano is trading at $0.8627, up 15%, with strong momentum aiming for $1.00–$1.05.

2. Analyst Dan Gambardello predicts ADA could reach $2, with key support at $0.62 and resistance between $1.15–$1.30.

3. Cardano's trading volume has surged to $1.3 billion, indicating strong market interest.

4. A decisive close above $0.90 with high volume could trigger further upward movement.

5. Short-term pullbacks may offer retest opportunities before a potential rally toward $1.60–$2.00.

Description

Thanks to various bullish on-chain and technical factors, Cardano (ADA) is eyeing a bold move to the psychological price of $1. According to market analyst Lingrid, Cardano recently surged past a descending channel and reclaimed key multi-month resistance with strong momentum, following a decisive breakout from a consolidation wedge and a clean push above the

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