Cardano: accumulation zone and looming liquidations near $1ADAUSDT has moved into a corrective channel after its recent rally, consolidating around $0.90 and testing the upper boundary. Support at $0.8890 is still intact, making the structure look like accumulation before a new leg up. The near-term outlook suggests a breakout toward $0.92 and $0.93, with a more cautious path involving a pullback to $0.8960–0.8940 before another push higher.
Fundamentally, Cardano remains a top altcoin thanks to its strong community and smart contract ecosystem. But the current market focus is on a very practical factor: a breakout above $0.96–1.00 could trigger massive short liquidations estimated between $70M and $100M. Such a liquidation cascade could accelerate ADA’s rally toward $1 and beyond. On the flip side, if resistance holds, a return toward $0.87 and lower remains possible.
In short, the $0.96–1.00 zone is a powder keg break it and ADA can explode higher, fail it and bulls will have to wait for another attempt.
