Cardano’s Upward Momentum: Key Resistance Levels in Focus
- ADA price surged above $1.00, surpassing Bitcoin and Ethereum.
- Current trading is above the 100-hourly simple moving average.
- A short-term rising channel shows support at $1.075.
- Resistance levels are identified at $1.1120 and $1.1150.
The surge in ADA’s price above the $1.00 mark, supported by a strong hourly simple moving average, indicates potential for further gains if resistance at $1.1150 is breached, which could attract more investors seeking short-term growth opportunities.
