Cardano Builds Pressure Below $0.90 as $1.3B Volume Surge Signals $2 Breakout Imminent

Thanks to various bullish on-chain and technical factors, Cardano (ADA) is eyeing a bold move to the psychological price of $1.

According to market analyst Lingrid, Cardano recently surged past a descending channel and reclaimed key multi-month resistance with strong momentum, following a decisive breakout from a consolidation wedge and a clean push above the $0.75 mark.

She added, “Price action now consolidates just below the $0.90 mark, preparing for a possible continuation toward the $1.00–$1.05 target zone. A sustained hold above the former resistance line signals structural strength and growing bullish pressure.”

Cardano may be consolidating just below $0.90 due to resistance, profit-taking, or market indecision, which could potentially form a launchpad for a breakout above $1.

Therefore, a decisive close above $0.90 with strong volume could ignite the next rally.

At the time of this writing, Cardano was trading at $0.8627, representing a 15% increase, according to CoinGecko data.

Meanwhile, crypto pundit Dan Gambardello believes that Cardano has all it takes to not only surpass the psychological price of $1 but also hit $2.

Taking on X, formerly Twitter, Gambardello stated, “Cardano might need to take a little breather, but this is definitely the moment for ADA to break through its bull market doors and make its way towards $2 and beyond.”

Based on this analysis, support at $0.62 remains fundamental, while resistance tightens between $1.15 and $1.30.

A short-term pullback may offer a healthy retest, paving the way for a rally toward the $1.60–$2.00 zone, with $2 serving as a key psychological barrier.

Meanwhile, Cardano’s trading volume has been skyrocketing with crypto exchanges recently leading the charge with a whopping $1.3 billion.