Cardano Approaches Crucial Resistance as Bullish Momentum Builds

Cardano’s price has surged by over 157% in the past year, demonstrating resilience despite recent market fluctuations. The bullish momentum is evident in strong trader positioning on Binance, with a long/short ratio of nearly 3:1 favoring buyers. The key level for Cardano’s next move is $0.90, which has acted as a barrier to upward movement several times. This critical resistance presents both an opportunity and a challenge for the asset.