Cardano Faces Resistance

🔵Cardano is consolidating near $0.798, holding support at $0.78 but still capped by strong resistance at $0.83–$0.85. A breakout above the EMA cluster and Fibonacci levels could pave the way toward $0.90, while a drop below $0.78 would strengthen bearish pressure.

🔵Adding intrigue is the 91% probability of a Cardano ETF approval by late October, which fuels expectations of institutional inflows. Open interest and the long/short ratio both point to bullish sentiment. October could thus prove decisive for ADA as it balances between consolidation and a potential breakout.