Cardano ADA/USDT Testing $0.30 Resistance-What's Next?

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Cardano ADA/USDT Testing $0.30 Resistance-What's Next? Cardano / US DollarBINANCE:ADAUSDsahanavvCardano (ADA) is attempting a short-term breakout near the $0.30–$0.31 resistance zone on the daily timeframe. Key observations: Price remains inside a descending channel. $0.30 previously acted as support and now serves as resistance. RSI has reclaimed the 50 level, signalling improving momentum. Recent higher lows suggest a recovery attempt. However, the broader structure is still bearish. Lower highs remain intact. Bullish confirmation requires: Daily close above $0.31 Break of descending trendline Acceptance above 20 SMA Upside targets: → $0.332 → $0.377 Bearish scenario: Rejection at $0.30 Retest of $0.27 Possible move toward $0.24 (channel support) This is an early breakout attempt — not a confirmed trend reversal. Watching for daily close confirmation.