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Cardano Tests Key Resistance as Traders Watch $0.96–$1.02 for Breakout Signal

Improving technicals alongside reported institutional buying leave bulls focused on confirmation above near-term ceilings.

Overview

  • ADA is holding the $0.80 base and trading in the $0.84–$0.90 range, with on-chain activity and staking participation described as steady.
  • Brave New Coin reports Coinbase’s ADA reserves jumped about 462% to 9.56 million tokens, a move interpreted as accumulation by larger players.
  • Analysts flag a coiling setup with immediate checkpoints at $0.96 and $1.02, where a decisive break could open targets near $1.30.
  • Risk levels are clearly defined, with structure seen as intact while price holds support around $0.80 and $0.75.
  • CoinCentral cites a claim that Google Cloud is running a Cardano validator and notes rumors of a top-tier stablecoin integration, both unconfirmed.