Cardano price has broken through a key resistance, signaling a potential uptrend.The cryptocurrency is approaching a 'demand zone' at $0.0313, which could act as a crucial support level.If Cardano bounces from this level, it could rally and break out above the $0.417 resistance, indicating higher resistance targets.However, if Cardano fails to hold the support levels, it could lead to a steep decline and invalidate the bullish scenario.