Cardano (ADA) is showing a crucial resistance level at $0.85 on its monthly chart.
If this level turns into support, it could trigger a significant rally and generate excitement among investors.
Cardano's recent price increase is driven by rising network activity, growing market interest, and a perception of undervaluation compared to competitors.
Factors such as ongoing development in DeFi integration, robust smart contract capabilities, and strategic initiatives could sustain Cardano's upward trajectory.