Cardano is showing a bullish structure on the daily timeframe with higher highs and higher lows.
There is a significant demand zone that could potentially trigger a bounce, but the presence of liquidity below complicates the situation.
If the current bullish structure holds, there is a possibility that ADA might rally towards the $1 mark, although outcomes are not guaranteed.
While there is potential for ADA to reach $1 if market conditions align, it's important to remember that price movements are unpredictable and market outcomes can vary.