The post Cardano (ADA) Faces Key Hurdle Before Breaking $1.20 appeared on BitcoinEthereumNews.com.

TL;DR ADA forms an ascending triangle with $0.95 resistance; breakout could push price toward $1.20. Whale wallets sold 160 million ADA in four days, as the price slipped by 5% weekly to under $0.82. Cardano’s eUTXO model could attract long-term attention for its structured transaction execution. ADA Nears Key Resistance in Ascending Triangle Cardano (ADA) is trading at around $0.82 after a 7% drop since Monday. The past week shows a decline of just over 5%. On the daily chart, the price continues to form an ascending triangle, a structure often watched for trend continuation. Notably, the triangle’s upper boundary sits near $0.95, a level that has held as resistance since mid-July. At the same time, a series of higher lows suggests increasing buying interest. Market tracker TapTools noted:  “A breakout above $0.95 could open the path toward $1.20.”  Bollinger Bands on the daily chart are narrowing, pointing to a period of low volatility. The Supertrend indicator remains below the price at $0.8089, showing no reversal at the time of writing. These conditions often come before price expansion, but confirmation is still needed. Source: TapTools/X If ADA closes above $0.95, the next area to monitor would be around $1.05 to $1.20. However, a failure to break resistance may lead to a drop toward the trendline near $0.80. A breakdown below that area could open the way toward $0.72 to $0.75, a previous support zone. Whale Selling Adds Pressure Around Current Levels According to Ali Martinez, large holders moved approximately 160 million ADA over the past four days. These addresses hold between 1 million and 10 million ADA each. Their total balance fell from 5.6 billion to 5.44 billion. 160 million Cardano $ADA sold by whales in the last 96 hours! pic.twitter.com/gpmdXLT65k — Ali (@ali_charts) September 21, 2025 Despite the size…

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Filed under: News - @ September 23, 2025 5:26 am