Cardano Analysis: Path Toward $1.10 Hinges on $0.90

Cardano (ADA) is trading around $0.85, moving inside a descending channel but showing signs of a potential breakout. The next move could determine whether ADA rallies toward $1.10 or remains range-bound, with $0.90 serving as the decisive resistance level.

$0.90 Resistance as the Key Turning Point

ADA has been testing the upper boundary of its descending channel and is now approaching this resistance with building momentum. A clean break above $0.90 could trigger a rally toward $1.10, with interim targets around $0.95 and $1.02 along the way.

Technical Structure: Channel and Fibonacci Zones

The 4-hour chart shows ADA trading within a falling channel since mid-September. Support has held in the $0.81–$0.83 zone, aligning with key Fibonacci retracement levels, while immediate resistance sits at $0.88–$0.90. If momentum continues, the next targets include $0.95, $1.02, and ultimately $1.10–$1.11. Rising volume near resistance suggests accumulation by traders anticipating a breakout.

Market Context

Cardano's setup reflects both technical and fundamental drivers. Increased activity in ADA-based DeFi and smart contracts has renewed interest, while improving crypto market sentiment - driven by Bitcoin's stability - has encouraged capital flow into altcoins.