news 
Cardano (ADA) Eyes Key Resistance Level Amid Price Revival
The price of Cardano (ADA), a proof-of-stake (PoS) blockchain protocol, has seen significant growth over the past few days. As the market continues to evolve and adapt, ADA eyes a key resistance level amid this revival.
As reported earlier by U.Today, Cardano is set to undergo a major Plomin hard fork upgrade later this month in preparation for its decentralized governance transition. These enhancements are not only crucial for the protocol’s future but also make it more competitive as a PoS blockchain competing with Ethereum.
Cardano’s recent price surge can be attributed to the growing interest from ADA whales, who have been increasingly active. This uptrend has also led to a significant increase in buying pressure and overall market sentiment.
In this context, Cardano is now looking at a key resistance level around $0.24-$0.25. If the price sustains above this range, it could indicate strong accumulation from investors, further fueling upward momentum.
However, if the bears manage to push the price back below this level, we may see some consolidation or even a minor correction before the next wave of growth.
In conclusion, Cardano’s recent resurgence has set the stage for a significant market movement. As the protocol gears up for its major upgrade and governance transition, we are closely monitoring the situation and will provide updates as necessary.
Source: U.Today
Source: u.today
