Cardano (ADA) is showing signs of a potential price breakout after struggling to gain momentum. The token has faced repeated rejections at key resistance levels, but growing investor confidence may be setting the stage for a new upward movement.
A significant indicator of this bullish sentiment is the Chaikin Money Flow (CMF), which has reached a near two-month high. This signals a strong inflow of capital into ADA, providing the necessary support for a sustained rally. The renewed enthusiasm among traders suggests that the altcoin could soon test the $1 threshold.
However, a move toward $1 carries a major risk for short sellers. According to Cardano’s liquidation map, a climb to this level could trigger approximately $73.5 million in liquidation losses for short positions. While such liquidations could fuel a further price increase, they could also lead to a temporary pullback due to a reduction in open interest.
Currently trading at $0.93, ADA is attempting to establish this level as a new support. If successful, its next target will be the strong resistance at $0.96. Breaking this barrier would open the path to $1. However, if selling pressure increases, the price could fall back to $0.87, invalidating the bullish setup.
September 2025, Cryptoniteuae
