TL;DR
ADA forms an ascending triangle with $0.95 resistance; breakout could push price toward $1.20.
Whale wallets sold 160 million ADA in four days, as the price slipped by 5% weekly to under $0.82.
Cardano’s eUTXO model could attract long-term attention for its structured transaction execution.
ADA Nears Key Resistance in Ascending Triangle
Cardano (ADA) is trading at around $0.82 after a 7% drop since Monday. The past week shows a decline of just over 5%. On the daily chart, the price continues to form an ascending triangle, a structure often watched for trend continuation.
Notably, the triangle’s upper boundary sits near $0.95, a level that has held as resistance since mid-July. At the same time, a series of higher lows suggests increasing buying interest. Market tracker TapTools noted:
“A breakout above $0.95 could open the path toward $1.20.”
Bollinger Bands on the daily chart are narrowing, pointing to a period of low volatility. The Supertrend indicator remains
We współpracy z: https://cryptopotato.com/cardano-ada-faces-key-hurdle-before-breaking-1-20/
