- Cardano price expected to rise to $1.00 resistance before breaking out to the $1.125 mark.
- The closest support level lies at $0.850
- ADA faces resistance in crossing above the $0.9500 mark,
Cardano price is observing sharp bullish activity as the price breaks above the $0.940 mark. Across the last seven days, ADA has recorded an increase of almost 115 percent. However, the movement has slowed down in recent hours as the price faces strong resistance at the $0.9500 mark.
After spending most of January consolidating below the $0.400 mark, Cardano price observed a breakout in early February. Although the price faced strong resistance in leaving the mark, ADA initiated a strong bullish rally as soon as it left the mark. The rally enabled Cardano price to rise from the $0.400 mark to the current trading price at $0.9500.