Analyst Predicts Cardano (ADA) to Hit $1 After Breaking Key $0.85 Resistance

• Cardano surged 14.66%, breaking resistance at $0.85, signaling a bullish trend reversal after months of bearish momentum.
• ADA’s 50 EMA at $0.68 acts as dynamic support, with RSI near 70 indicating overbought conditions amid ongoing price gains.
• Critical resistance at $0.85-$0.90 could pave the way to $1.00, though minor pullbacks may retest support near $0.68.

Cardano (ADA) has surged to a major price level, gaining momentum after months of bearish trends. Crypto analyst Crypto Yapper shared insights on X, emphasizing the importance of the $0.85 resistance zone. 

If ADA maintains its position above this level, a move toward $1 appears achievable. The price’s breakout above a prolonged downtrend resistance line has led to a significant buying activity reinforcing optimism.

Breaking Resistance and Trendline Shifts

Recent movements highlight ADA’s breakout from a descending resistance line that defined its bearish ways since mid-2024. The breakout, coupled with increased volume, signals a potential trend reversal.

An ascending trendline, representing higher lows, suggests accumulation before this move. At press time, ADA was trading at $0.8468, an increase of 14.66% in the past 24 hours. However, the $0.85-$0.90 zone presents significant resistance, aligning with earlier rejections from early 2024.

The breakout’s alignment with robust momentum has pushed ADA into bullish territory. Notably, consolidation at $0.55-$0.60 preceded the breakout, establishing this zone as key support. A prior resistance at $0.65 now acts as interim support, reinforcing the bullish case.

Momentum Indicators and Support Levels

Indicators confirm ADA’s strong upward movement. The 50-day EMA at $0.6846 provides dynamic support, with the price consistently holding above this level. Similarly, the 200-day EMA at $0.5073 highlights long-term support but reflects overextension due to the current rally.

ADA’s RSI near 70 points to overbought conditions, raising caution for potential corrections. Despite this, the bullish momentum remains intact, as sustained higher highs and lows form on the 4-hour timeframe. Immediate support levels include $0.68, aligning with the 50 EMA, and $0.55-$0.60, a previous accumulation zone.

Key Resistance Ahead: Eyes on $1.00

ADA now faces its next challenge at the $0.85-$0.90 resistance zone. A confirmed breakout above this range could pave the way to $1. Sustaining this momentum requires heightened trading volume. However, overbought RSI conditions suggest that minor pullbacks or consolidations might occur, offering potential retests of $0.68 or lower.