Will Cardano Climb Above $0.90? Analysis Suggests Potential for Bullish Breakout

ADA is currently hovering around the $0.86 mark, trapped within a descending price channel for several months. The critical $0.90 level acts as a decisive point in determining ADA’s short-term trajectory. Crypto analyst Ali believes that a clear breakout above this threshold could lead to a rally towards $1.10. His chart suggests a potential upward trend if ADA clears the upper boundary of its descending wedge, which has constrained price action since late August. On the daily chart, ADA is confined between $0.85 and $0.90, consolidating near the middle of its parallel descending channel. The RSI sits around neutral territory at 53, indicating a balanced battle between bulls and bears. A move above $0.90 could spark renewed buying activity, while rejection from this level might send ADA back to the $0.75 support zone.