<ul><li>Cardano (ADA) is approaching a critical resistance level between $0.72 and $0.73, and analysts predict a potential breakout towards $0.80, last seen during the 2024 bull run.</li><li>Analysts and traders are closely monitoring ADA’s descending channel, anticipating an upward surge if it can overcome the resistance level at the upper end of its current trading channel.</li><li>The upper limit of the descending channel has become a strong resistance level for ADA, hindering its price rise, but a breakout could signify a move towards the $0.80 price level.</li><li>Cardano's use of proof-of-stake mechanism and research-based approach has made it popular among crypto market players. At the time of writing, Cardano is trading at $0.715, reflecting a 4.39% gain in the last day.</li></ul>

Cardano (ADA) Nearing Breakout: Analyst Predicts Surge to $0.80

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