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ANALYSIS 📊 | #Cardano (#ADA) is trading above $0.75 and faces the resistance of a bearish channel in which it has been since November 2024.
📉 If it manages to surpass that upper limit, it could start trading above 1 dollar again, a level it hasn't reached since March and which has been difficult to maintain in the past.
📊 Beyond technical analysis, Cardano remains 75% below its all-time high of $3.10. To close that gap, it needs a stable macroeconomic environment that favors risk-taking by investors.