Cardano (ADA) has experienced a notable revival, bouncing back from a low of $0.76 on December 20, 2024. As of January 3, 2025, it reached a high of $1.11, but the price has since stalled at this resistance level, currently trading around $1.089.

Analysts suggest that the altcoin’s upward movement could persist if it manages to surpass key resistance levels. These levels include:

• $1.11
• $1.32

If successful, there is potential for Cardano to climb back to its previous peak of $2.33. Technical indicators show that Cardano’s price bars are above the moving averages, indicating a bullish trend.

The 4-hour chart reveals that the price is above the 21-day simple moving average (SMA) support. However, a drop below this support could result in a decline. Key resistance levels are identified at:

• $1.20
• $1.30
• $1.40

Meanwhile, support levels are at:

• $0.90
• $0.80
• $0.70

Current market behavior suggests a sideways movement as the altcoin tests the $1.11 barrier, with future price movements hinging on breaking this resistance or falling below the moving average lines.

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