Cardano Surges 18%, Eyes Breakout to $0.30

Cardano's native token ADA has defied the trend of sluggish trading in the altcoin market, rising by 18% over the past seven days.

This surge comes after a multi-year low of $0.14 in June and a recovery of more than 40% since then, with major alts like BTC sleeping on the sidelines.

Analysts are now looking at ADA's next move, with some predicting a potential breakout to $0.30 if buyers successfully defend recent gains.

Crypto Tony noted that a rejection from the resistance zone could send ADA back down to $0.18, while another analyst identified $0.2305 as a crucial resistance level that must be broken for the token to reach new highs.