Cardano (ADA) is at a crucial stage as it shows signs of a potential trend reversal by testing a major demand zone.
An upward breakout above the resistance line could lead to a significant positive movement for ADA.
ADA's long-term supply dynamics and issuance timeline differ significantly from Bitcoin, which could impact its future price behavior.
ADA's current price is around $0.57 with the potential to target $1.20 if it breaks the resistance level. Long-term bullish tendencies are noted for ADA, but short-term trends remain bearish.