Cardano’s price experienced a notable drop below its support level, even as traders continue to target the $1.50 resistance mark. Recent days have seen fluctuations in the crypto market, but Cardano has remained volatile. 2025 data suggests support was established near $0.95 after breaking out of a long-term descending channel in mid-August. Analysts attribute this break-out to potential for gains. Resistance levels at $1.12, $1.20 and $1.50 are now in focus. Despite the decline, Cardano has maintained its key breakout structure, with analysts highlighting steady buying pressure reflected in higher lows after leaving the descending channel. The token briefly held above $0.94-$0.96 before a recent drop. This zone is seen as critical for sustained momentum. A move beyond the $1.00 psychological barrier has also been observed as confirmation of increased strength. Ali Martinez, a market analyst, believes holding above support confirms the breakout attempt. The relative Strength Index (RSI), another key indicator, remains neutral, leaving room for further gains without exhaustion. Analysts point to potential rallies toward the $1.50 mark based on measured move projections from the channel. Ssebi, another crypto analyst, suggests that Cardano could see significant returns in this cycle as capital rotation from Bitcoin and Ethereum into alternative assets benefits ADA if broader market conditions remain favorable. The price performance of Cardano aligns with a shift towards risk-asset interest. Analysts note this resilience near long-term support is constructive for the bullish case. Open Interest in Cardano futures reached record highs, signaling stronger speculative participation and increased leverage. This increase suggests potential for larger moves, potentially increasing volatility. Trading volume stabilized after the initial breakout surge, suggesting gains were absorbed without heavy profit-taking. The stability supports a sustainable trend rather than a short-term spike. As of now, technical indicators suggest that Cardano remains in a favorable position within this cycle. However, future direction depends on whether altcoin sentiment expands through the cycle. Source: X