Cardano Cryptocurrency (ADA) has cited more than $0.75 and is struggling to break the bear channel caps discovered since November 2024.
The bear channel is the formation of technical analysis that represents the negative trends in the price of assets, in this case ADA. It forms when the price moves between two descending parallel lines. The top line acts as a resistance, and the bottom acts as a support.
The ADA remains within that range, but it is a sign that it remains a negative trend. Therefore, Break the upper line and you can mark the beginning of a bullish rally.
This means that if Cardano achieves this purpose, he has had enough impulses to requot a quote above a dollar, a level he has never seen since March 2025, which has historically represented a difficult resistance to overcome.
Aside from what happens in technical analysis, Cardano needs other factors to reduce the gap of 75% This separates it from the $3.10 historic maximum (ATH) reached in September 2021.
Among these factors, the macroeconomic context plays an important role. During periods of economic stability, financial speculators tend to lean towards risky assets such as cryptocurrencies, allowing them to earn greater returns. On the other hand, in uncertainty scenarios, they prefer to take shelter to safe instruments such as treasures.
In the background, it is also important that Cardano networks increase adoption and use cases. In May, the company announced that it would integrate with the brave browser.
The impact for the time being is limited, This type of alliance helps reverse low network activity Against competitors like Ethereum the Solana.
