Cardano Price Approaches Breakout, Potential Gains Remain Uncertain

Cardano (ADA) is trading near $0.63, holding strong above the $0.60 support level amid cautious market conditions. Recent activity reveals a sale by large ADA holders totaling over $120 million. However, technical indicators suggest potential for a breakout and bullish rally if price action breaks through resistance at $0.66 and surpasses previous highs around $0.73. 4-hour charts on TradingView indicate an upward trend.