Cardano (ADA) Faces Key Hurdle Before Breaking $1.20

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 ￰0￱ Nears Key Resistance in Ascending Triangle Cardano (ADA) is trading at around $0.82 after a 7% drop since ￰1￱ 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 ￰2￱ the same time, a series of higher lows suggests increasing buying ￰3￱ 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 ￰4￱ Supertrend indicator remains below the price at $0.8089, showing no reversal at the time of ￰5￱ conditions often come before price expansion, but confirmation is still needed.) September 21, 2025 Despite the size of the move, the price has mostly held steady, suggesting that buying interest has so far met the supply.

Recently, similar selling activity saw another 530 million ADA moved over 2 days. Separately, Cardano supporter and content creator David shared a post pointing to the blockchain’s eUTXO ledger model as a reason it may gain more attention over ￰6￱ suggested that this structure allows for more predictable execution compared to account-based systems and could help ADA stand out in the future.