Cardano’s (ADA)Next Move: Will Cardano Break $1 or Fall Further?

• ADA holds near $0.90 as traders watch for a higher low, aiming for a rebound toward the key $1 psychological level.
• A breakout above $1 could spark bullish momentum, while losing $0.90 support risks a decline toward $0.75.
• Technical signals show a critical stage, with RSI at 42.60 and resistance near $1 shaping ADA’s next move.

Cardano (ADA) is at a crossroads and market analysts are observing the price dynamics and waiting for a breakthrough. In a recent X post, Sssebi pointed out that ADA needs to make a higher low at this point. He stressed that this development is paramount for the token to reclaim the bull run and make an effort to reclaim ground above the $1 price level.

At the time of writing, ADA is in the process of finding a foothold above the $0.90 level and trading at $0.9217. Higher trading volume adds more credibility to this support zone, which means that buyers are coming to the scene to support this level. Nevertheless, the price stays below the critical levels including the 20-period SMA that can prevent the short-term growth.

Source: TradingView

Key Levels for ADA

The technical analysis gives a neutral signal for ADA. The Current RSI stands at 42.60 which means that the price is slightly bearish but it might begin to turn around soon. The token fluctuates in a descending triangle; the token’s resistance is close to the $1 mark. If price rises above this level, it will be a perfect bullish signal that may lead Cardano to $1.15 or even higher. As for the negative scenario, a breakout of lower support level $0.90 may lead to further pullback with the target at $0.75.

Source: Chart by Sssebi

Investors are closely paying attention since the $1 mark is both a psychological and technical level. In this case, breaking above it would probably bring back ADA’s confidence and be the beginning of a possible rally. Still, the rest of the crypto market is rather volatile, and many factors outside of the industry, including macroeconomic and regulatory ones, influence the sentiment.

Cardano Resilient Support

ADA has not been an exception and has experienced difficulties in the past few months, as has most of the cryptocurrency market. Nevertheless, it still has an active user base given the robust blockchain ecosystem it is sitting on, and ongoing projects. Cardano enthusiasts are still hopeful for the project’s future and believe that the present stage of the consolidation trend will make the token ready for further advances.

The future of ADA in the next several trading sessions will define its further trends. A break higher from here and through $1 could open up a run at new recovery highs. However, if bears break below these levels, it will lead to more selling pressure that may push the token lower. The market will now watch as ADA approaches this critical juncture.