Cardano was brewing a breakout, as looked at yesterday. The 2.45 level was key as this was a prior all-time-high that had come back in as short-term resistance. That level has now been broken as bulls have taken their swing, and prices are finding resistance at a key Fibonacci level around 2.6095.

Aggressive approaches can look to another topside breakout on prints of fresh highs. More conservative approaches can look for prices to pullback to find support at prior resistance, taken from that same 2.4500 area on the chart.

Cardano ADA/USD price chart
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