Cardano's Massive Breakout Incoming? Bulls Defend Key Support While Volume Explodes to $774M On Binance
As speculation surges that Cardano may be poised to retest or surpass the psychological price of $1, bulls are strongly defending the $0.70 to $0.72 zone. According to market analyst Lingrid, “Price is now...
As speculation surges that Cardano may be poised to retest or surpass the psychological price of $1, bulls are strongly defending the $0.70 to $0.72 zone.
According to market analyst Lingrid, “Price is now retesting a confluence zone near $0.70–$0.72, which aligns with broken trendlines acting as support. If buyers defend this zone, the bullish continuation toward the $0.85 target zone is likely to resume.”
Having broken out of multiple descending patterns, ADA might be eyeing a bullish continuation to the $0.85 zone, thanks to a strong defense by buyers.
Similar sentiments were shared by crypto analyst Worldofcharts, who acknowledged that Cardano is testing a key descending trendline, signaling a potential breakout since a confirmed move above it could propel ADA toward $1.50 in the coming days.
At the time of this writing, Cardano was trading at $0.80, representing a 22.6% increase over the past week.
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Cardano’s Trading Volume Heightens
Cardano is gaining momentum with over $774 million in volume on Binance alone.
MEXC and Bybit follow, with $646 million and $332 million, respectively, a clear indication that ADA is attracting strong liquidity and trader interest.
Cardano’s volume surge reflects a powerful blend of technical breakout, ecosystem revival, and macro catalysts drawing in both retail and institutional capital.
As bullish on-chain metrics like skyrocketing trading volume align, it remains to be seen whether Cardano will scale heights and hit the psychological price of $1 in the short term.
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