The Cardano price must first overcome the 0.236 Fibonacci retracement level at $0.92, an area where greater selling pressure and possibly a shorter consolidation can be expected.

This week marked a pivotal shift for Cardano as it embarked on a bullish trajectory, climbing above the crucial $0.705 resistance against the US Dollar.

Cardano and Solana are some of the most popular blockchain networks in the industry.

Today, we are looking at the return of the Solana price above the 100.00 level.

ADA's rise appears to have ended at the 0.678 level, which was a five-wave Impulse rally in Wave 1.