Cardano, a third-generation cryptocurrency, made a significant move recently, creating ripples in the market. This move broke Cardano out of its descending consolidation pattern, leading to a price surge of over 150%.
Despite the impressive growth, Cardano has yet to reach the crucial $1 mark. This suggests there are underlying challenges and resistances that the token needs to overcome.
High trading volumes indicate that traders are actively engaged, yet the inability to hit $1 reflects potential volatility and uncertainty in sustaining its upward trajectory.
