Cardano has experienced a surge in buying pressure, pushing its price up to $1.3 resistance level. However, this level has proven to be difficult to break through, with sellers exerting influence and leading to a recent rejection. The market is now expected to enter a consolidation phase, with price fluctuations between $0.8 and $1.3. In the mid-term, ADA may undergo a retracement phase and return to the $0.8 level before continuing its upward trend. On the 4-hour chart, a bearish reversal pattern has formed, indicating the possibility of a short-term correction. However, this correction could provide an opportunity for buyers to re-enter the market and fuel the next rally towards reclaiming the $1.3 resistance.



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