Cardano (ADA) is currently trading around $0.82 after a volatile day, with trading volume surging over 90%. While Bitcoin (BTC) and Ethereum (ETH) are experiencing downturns, Cardano’s market cap remains stable at $3.78 trillion. 821, despite the bearish trend impacting most other cryptocurrencies, particularly as the asset dipped to $0.7964 before a brief surge to $0.8427. Notably, daily trading volume jumped to $1.28 billion, with over $3.31 million worth of ADA liquidated in the past 24 hours. Analysis indicates an upward channel on Cardano’s Ali chart, requiring a breakout above resistance at $0.88 for bullish confirmation. If successful, this could drive prices towards $1 and potentially $1.20, though failure to hold the momentum may lead to retesting support at $0.76–$0.78 before another attempt at breaking out higher.