Cardano Price Breaks Higher Towards $0.255 as Bulls Eye $0.30-$0.32
Cardano's price has broken higher towards $0.255 as it tests major technical resistance, according to data from The Crypto Basic.
The chart shows that ADA is accelerating towards this level after a series of higher lows and higher highs, with the latest candles representing a sharp expansion from the recent consolidation around $0.20-$0.22.
Two rising trendlines are visible on the chart, one connecting major lows beginning around $0.135 and another tracking resistance across the recovery.
The price has pushed above the upper yellow trendline, with all three moving averages turning higher.
A 17.6% increase would be required for ADA to reach $0.30 from its current price of approximately $0.255, while a move to $0.32 would represent an additional 8.5% increase beyond that level.