The current price performance of Cardano's native token ADA is attracting attention. It has not only stabilized at the level of $0.5650, but also surpassed the 100-hour simple moving average, indicating strong momentum in the short term.

However, the rise of ADA has not been smooth sailing. There are several key resistance levels that need to be broken through on its path forward:

First, initial resistance may form around $0.5735.
Secondly, stronger resistance is expected at $0.5820.
Finally, $0.590 is an important psychological barrier.

If ADA can successfully break through the key level of $0.590, we may see a significant upward trend. In this case, the price is expected to quickly rise to $0.62, and may even reach a high of $0.6350.

However, investors also need to remain cautious. If ADA fails to break through these resistance levels, especially the key resistance at $0.590, the price may experience a pullback. In this case, we cannot rule out the possibility of further declines.

Overall, the current trend of ADA is encouraging, but its future development still depends on whether it can successfully break through key resistance levels. Investors should closely monitor these price levels and adjust their strategies in a timely manner based on market changes.