Cardano Approaches Breakout as $1 Resistance Faces Critical Test
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- Cardano (ADA) is testing a critical $1 resistance that could trigger a rally toward $1.75–$2.
- Analyst Dan Gambardello warns of ongoing market manipulation wiping out leveraged longs.
- ADA’s risk score signals a “pre-bull market” zone, echoing late 2020 conditions.
Cardano (ADA) is hovering near a decisive resistance level, with analysts warning that the next move could determine whether the asset holds a sustained bull run or retreats for further consolidation.
In a recent YouTube update, analyst Dan Gambardello noted that ADA’s brief spike above $1, which lasted only minutes, brought the cryptocurrency right into a multi-year trendline resistance. Gambardello said that the $1 area is a potential “catalyst” for a major breakout if ADA can close daily candles decisively above it.
A Setup Similar to Early 2021?
Gambardello compared the current…
The post Cardano Approaches Breakout as $1 Resistance Faces Critical Test appeared first on Coin Edition.
4h ago•
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