Cardano (ADA) Faces Key Hurdle Before Breaking $1.20

TL;DR

• ADA forms an ascending triangle with $0.95 resistance; breakout could push price toward $1.20.
• Whale wallets sold 160 million ADA in four days, as the price slipped by 5% weekly to under $0.82.
• Cardano’s eUTXO model could attract long-term attention for its structured transaction execution.

ADA Nears Key Resistance in Ascending Triangle

Cardano (ADA) is trading at around $0.82 after a 7% drop since Monday. The past week shows a decline of just over 5%. On the daily chart, the price continues to form an ascending triangle, a structure often watched for trend continuation.