Cardano Price Prediction: Key Levels to Watch as ADA Tests $0.3935 Resistance

Summary:
• ADA is trading at $0.3698, marking a 1.65% increase. ADA is steadily climbing after finding strong support at $0.3120 earlier this month.

Cardano (ADA) is trading at $0.3698, marking a 1.65% increase in the last 24 hours. ADA is steadily climbing after finding strong support at $0.3120 earlier this month. The chart shows that ADA has bounced off this support level and is now testing the key resistance around $0.3935.

One of the main reasons Cardano is trending is the recent Chang Hard Fork, an upgrade that introduced on-chain governance functionalities. enabling users to make crucial network decisions in line with decentralization and scalability.

Cardano Key Resistance and Support Levels

Cardano is currently approaching a critical resistance zone at $0.3935. A successful above this level could propel the price towards the next significant resistance at $0.4480. If it fails to break above $0.3935, ADA might retest the support levels at $0.3120 and potentially $0.3200, which have acted as strong support zones in recent months.

Cardano Market Sentiment and Future Outlook

Even with the network upgrades, Cardano still faces difficulty surpassing the $0.40 level. If ADA is able to exceed this level, it may have the potential to gain sufficient momentum to reach the target of $0.44, which is watched by numerous traders.

The price hovers near $0.3935 as traders closely monitor whether ADA will break through or pull back from this level.