Cardano's Upper Boundary: Can ADA Break Out?

Cardano (ADA) is currently testing the upper boundary of a falling channel on its 4-hour chart, and whether it can close above $0.1810 and hold there is a crucial question hanging over this setup.

The channel itself has been intact for a couple of weeks, with price making lower highs and lower lows inside two parallel descending trendlines.

On-chain DEX volume for Cardano rose 37.5% over the past 30 days even as ADA's price stayed weak, indicating rising usage despite the price lag.

If ADA manages a close above $0.1810 and stays there, the next resistance to watch is $0.2117, and a stronger continuation could stretch things toward $0.2747.