Cardano nears $1-level after 50% hike – What’s next for ADA in the coming weeks?

Cardano’s price surged by 51% since July 8, reaching $0.846, but future movement is heavily influenced by Bitcoin’s price, which faces risks of dropping below $100,000.

The trading data shows a majority of long positions among traders, indicating short-term bullish sentiment. Resistance levels to watch are beyond $1, with critical targets identified at $1.2 and $1.36-$1.4.