Cardano (ADA) price is consolidating under key resistance levels, signaling a potential breakout on the horizon.
ADA is currently trading around $0.757, just above the 20-day and 50-day SMAs, but below the 100-day and 200-day SMAs.
A breakout above $0.80 could lead ADA price towards $1.00, while a breakdown below $0.73 may push it lower to $0.62.
Volume is declining on both daily and hourly timeframes, indicating a breakout or breakdown pending confirmation. Traders should closely monitor the $0.73–$0.80 band for potential price movements.