Cardano is currently trading at around $0.849, with a nearly 1% increase during the trading day. Buyers are continuing to test key resistance levels near $0.85-$0.86. Over the past week, market momentum has strengthened due to an increase in net inflows of spot trading and a breakthrough in short-term bullish structures. Traders are now focusing on whether ADA can break through the confluence of the 50% Fibonacci retracement level at $0.919 and the downtrend line resistance.

