Cardano (ADA) has reached a key resistance level at $0.90. In the coming days, it will be seen if this level can be surpassed, opening the path for price growth.
Resistance Under Pressure
Buyers have managed to push ADA to the key resistance level of $0.90. If the bulls can breach this level and turn it into support, the cryptocurrency has a genuine chance to revisit $1 and possibly set new highs this year. We will likely find out in the coming days if the buyers are successful.
Buyers Return, But Remain Timid
Even though the price has moved upward, the momentum is currently insufficient to break the existing resistance. Volume needs to increase here. So far, sellers have been absent, but they could return as soon as the key resistance at $0.90 is under serious threat.
Buy Volume Bounced
For most of August, Cardano’s volume profile has been declining. However, in September, buyers appear more active, and there was a small spike in buying pressure. If this can be followed up with a higher high on volume, ADA should be able to break above $0.90.
The situation with ADA remains intriguing, and buyer behavior in the coming days will be crucial, as a successful breach of the $0.90 level could lead to a new wave of growth.
