• Cardano tests critical resistance, with a $0.71-$1.25 range key for a potential bull market.
• ADA open interest rises by 4%, signaling growing investor confidence and bullish sentiment.
• Long positions dominate the Cardano market, indicating strong optimism for a price breakout.

Cardano (ADA) is on the brink of another critical turning point in its market cycle, challenging the macro resistance level that could define its next major trend. This resistance level now holds the key to ADA’s price movements, with investors anticipating signs of a potential bullish trend. 

According to analyst Dan Gambardello, a critical resistance level for ADA is located in the $0.71 to $1.25 range, referring to the area as “bull market doors.” A breakout above this level would be a strong bullish signal on the daily chart, indicating a spike in ADA price. Such a breakout might be swiftly followed by another upward movement, increasing investor attention. 

The $1.25 is considered a major resistance level, allowing Cardano to stabilize and start training a real uptrend. If the level is cleared, ADA will have the necessary push to increase its fight against its compet…

The post Cardano’s Pivotal Moment: Can ADA Break $1.25 and Ignite a Bull Market? appeared first on Coin Edition.

• Cardano tests critical resistance, with a $0.71-$1.25 range key for a potential bull market.
• ADA open interest rises by 4%, signaling growing investor confidence and bullish sentiment.
• Long positions dominate the Cardano market, indicating strong optimism for a price breakout.

Cardano (ADA) is on the brink of another critical turning point in its market cycle, challenging the macro resistance level that could define its next major trend. This resistance level now holds the key to ADA’s price movements, with investors anticipating signs of a potential bullish trend. 

According to analyst Dan Gambardello, a critical resistance level for ADA is located in the $0.71 to $1.25 range, referring to the area as “bull market doors.” A breakout above this level would be a strong bullish signal on the daily chart, indicating a spike in ADA price. Such a breakout might be swiftly followed by another upward movement, increasing investor attention. 

The $1.25 is considered a major resistance level, allowing Cardano to stabilize and start training a real uptrend. If the level is cleared, ADA will have the necessary push to increase its fight against its compet…

The post Cardano’s Pivotal Moment: Can ADA Break $1.25 and Ignite a Bull Market? appeared first on Coin Edition.