Cardano (ADA) is grappling with price resistance around the $1 mark after nearly four years of attempts to break through. The cryptocurrency’s struggle to gain sustainable upward momentum has sparked frustration among investors, although recent institutional interest suggests a potential turnaround. Rex-Osprey filing for 21 crypto ETFs, including ADA, signals growing support from regulated financial markets and could boost long-term growth. Cardano’s price remains under pressure, with analysts highlighting the significance of breaking past the $1.02 resistance level for potential price surges. If this barrier is overcome, ADA could potentially reach $1.84 as the next significant resistance point. Fibonacci retracement levels further emphasize the importance of the $1.02 mark in the coming months. Analyzing current market trends, Deezy suggests ADA is currently navigating a downward trend channel with critical support at around $0.85. The recent ETF filing from Rex-Osprey may contribute to Cardano’s increased institutional appeal and stabilize its price. The inclusion of prominent assets like $HYPE, $LINK, $HBAR, and $SUI in the filing demonstrates the growing acceptance of blockchain assets in traditional financial products. However, current market dynamics suggest that ADA remains stuck below $1 despite periods of bullish behavior. Dan Gambardello, a prominent figure in the crypto community, recently expressed his frustration with Cardano’s stagnation, especially its inability to break past the $1 mark. This highlights the challenges faced by ADA and the need for further catalysts like the ETF filings to generate sustained upward momentum. The ongoing struggle to break through this key level underscores ADA’s potential reliance on external factors like institutional investment for significant price appreciation. 2025-09-30 Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.