Cardano's ADA Shows Strength, Bulls Eye $1.00 as Network Usage Grows
Cardano's ADA token is showing signs of strength, with growing network usage and high staking participation. The price has been steadily holding around $0.87, with bulls eyeing a break above $0.90.
Analysts from CoinGape anticipate further testing of the $0.90 resistance, believing that a break above this level could pave the way for a push towards $1.00. Cardano's community remains optimistic, confident in ADA's ability to outperform as the market cycle matures.
The price has been trading around $0.87, up 1.70% in the last 24 hours. Support zones around $0.85 have held firm, while resistance at $0.90 and the $1 psychological level remain the next challenges. If Cardano can flip $0.90 into support and maintain higher demand, the door to $1.00 and beyond could open quickly.
The next big test for Cardano price is the $0.90 mark. Bulls are eager to overcome this resistance and make the path to $1.00 more realistic. Despite the hurdles, Cardano's community remains bullish, confident in ADA's potential.
