Key Cardano Price Levels to Watch Amid Channel Breakout, $3.7M Short Squeeze

Quick Summary:

Cardano (ADA) price is gaining alongside the broader crypto market, and is eyeing a move past $1 after a major short squeeze.

Amid these gains, ADA teases to overcome a crucial resistance level as a breakout from a bullish channel hints towards more gains.

Cardano price trades at $0.78 at press time with an impressive 10% gain in 24 hours and an intraday high of $0.81.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Price Analysis Cardano

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 10:20:11 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 47 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28512380

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #59

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