Cardano ($ADA) Price Analysis

Cardano ($ADA) is reportedly nearing a significant price level, poised for a potential jump toward the $10 mark. Analysts suggest maintaining substantial support above $0.80 is crucial for this breakout.

> Analyst Insight:
> Cardano ($ADA) remains positioned for a potential surge toward $10, provided it maintains support above $0.80 and successfully breaks through the key $1.20 resistance!
> — Ali (@ali_charts) March 8, 2025

Key Support and Resistance Levels

Analyst Ali highlights that Cardano ($ADA) is at a critical juncture for a breakout. The current support level is at $0.80, which is essential for any upward movement. For Cardano to effectively progress towards $10, it needs to successfully breach the resistance zone of $1.20. Historical trends suggest that similar setups often lead to significant price increases. Breaking the $1.20 resistance could accelerate bullish momentum, pushing $ADA to the next target around $2.

Strengthened Support at $0.70

Another analyst, CW, notes that $ADA has strong buy support in the current pricing range, indicating significant investor accumulation. The support at $0.70 is expected to hold due to this buying interest, reducing downside risks. Surpassing $1.20 and keeping above $0.80 could lead $ADA toward the ambitious $10 target.