Cardano Soars Past $1, Breaking Out of Long-Term Resistance

Cardano’s price has experienced a significant surge, breaking past the $1 mark for the first time in over five months. This impressive rally sees the asset climb over 20% within just 24 hours and reach its highest point since March 2025. Analysts attribute this upward trajectory to growing DeFi activity and increased institutional investment interest. A long-term descending channel has been broken, signaling a bullish shift in market structure. 250 days of downward momentum was overcome by a triple bottom breakout pattern, indicating strong buying pressure.