Cardano Eyes Breakout as ADA Approaches Key $0.67 Resistance
The post Cardano Eyes Breakout as ADA Approaches Key $0.67 Resistance appeared on BitcoinEthereumNews.com. TLDR: ADA price nears $0.67 resistance after weeks of forming higher lows. A daily close above $0.67 could push ADA toward $0.83–$0.91. Analysts highlight long-term accumulation and smart money activity. ADA’s price pattern shows a breakout from a descending channel may be close. Cardano’s ADA token is showing signs of renewed strength as traders watch a crucial resistance level. After months of hesitant buying on medium timeframes, the asset appears to be positioning for a potential breakout. Market watchers note that sustained higher lows over the past two years suggest steady accumulation. This behavior has fueled growing anticipation of a bullish reversal. With ADA currently testing a vital technical zone, analysts say a rally may be on the horizon. ADA Price Nears Pivotal Breakout Level Cardano is trading just below the $0.605 mark, continuing to fluctuate within a long-term descending channel. According to price data, ADA has slipped nearly 4% over the last 24 hours but remains up 4.46% on the week. Analysts identify the $0.67 level as a key resistance point, which, if surpassed, could open the door to a larger rally. A daily close above $0.67 could set Cardano $ADA on course for a rally to the $0.83–$0.91 range! pic.twitter.com/r5oS6ZKkyA — Ali (@ali_charts) July 3, 2025 Technical strategist Ali noted that a daily close above $0.67 could trigger a price move toward the $0.83 to $0.91 range. He pointed to Fibonacci retracement levels, which reflect the asset’s repeated bounces from support areas, including $0.6231. These patterns suggest bullish momentum is gradually building as the asset approaches this critical threshold. Traders from XForceGlobal highlighted that Cardano’s market structure reflects consistent accumulation. They observed that each new low has been followed by protection of previous lows, indicating smart money interest. Over the past two years, ADA has shown a clear…
The post Cardano Eyes Breakout as ADA Approaches Key $0.67 Resistance appeared on BitcoinEthereumNews.com.
TLDR: ADA price nears $0.67 resistance after weeks of forming higher lows. A daily close above $0.67 could push ADA toward $0.83–$0.91. Analysts highlight long-term accumulation and smart money activity. ADA’s price pattern shows a breakout from a descending channel may be close. Cardano’s ADA token is showing signs of renewed strength as traders watch a crucial resistance level. After months of hesitant buying on medium timeframes, the asset appears to be positioning for a potential breakout. Market watchers note that sustained higher lows over the past two years suggest steady accumulation. This behavior has fueled growing anticipation of a bullish reversal. With ADA currently testing a vital technical zone, analysts say a rally may be on the horizon. ADA Price Nears Pivotal Breakout Level Cardano is trading just below the $0.605 mark, continuing to fluctuate within a long-term descending channel. According to price data, ADA has slipped nearly 4% over the last 24 hours but remains up 4.46% on the week. Analysts identify the $0.67 level as a key resistance point, which, if surpassed, could open the door to a larger rally. A daily close above $0.67 could set Cardano $ADA on course for a rally to the $0.83–$0.91 range! pic.twitter.com/r5oS6ZKkyA — Ali (@ali_charts) July 3, 2025 Technical strategist Ali noted that a daily close above $0.67 could trigger a price move toward the $0.83 to $0.91 range. He pointed to Fibonacci retracement levels, which reflect the asset’s repeated bounces from support areas, including $0.6231. These patterns suggest bullish momentum is gradually building as the asset approaches this critical threshold. Traders from XForceGlobal highlighted that Cardano’s market structure reflects consistent accumulation. They observed that each new low has been followed by protection of previous lows, indicating smart money interest. Over the past two years, ADA has shown a clear…
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