Cardano Price Reaches Resistance at $0.99, Triggering Potential Short Squeeze

Cardano (ADA) price is nearing a crucial resistance level of $0.99. Over $164 million in short positions are at risk of liquidation at this point, creating a potential catalyst for market volatility. Analysts believe that exceeding this threshold could trigger a bullish rally fueled by increased buying pressure and a short squeeze effect. 2025 has seen the price consolidate near key levels, with recent data indicating over $109 million in leveraged short positions. If ADA breaks through this resistance, it’s likely to attract further buying, potentially generating a positive feedback loop that accelerates the price increase.