ADA Aims for $1.10 Target, Breaking Resistance Key for Bullish Rally

Cardano (ADA) is currently facing a critical juncture at the $0.90 resistance level. Analysts predict that overcoming this barrier could unleash a bullish rally toward the $1.10 target price. The cryptocurrency’s recent rejection at the $0.86 mark, a key equilibrium high (EQH), has led to consolidation in the $0.78-$0.80 range, prompting potential short-term bounces towards the $0.82-$0.83 zone. This suggests a period of re-accumulation as ADA consolidates. If this support holds, it could pave the way for upward momentum once the market stabilizes.