Cardano (ADA) Price Surging Higher, Likely To Surpass $0.1000

ADA price rallied recently and broke the key $0.0720 and $0.0770 resistances against the US Dollar.The price tested the $0.0885 resistance and remains supported on the downside near $0.0800.There is a major bullish trend line forming with support at $0.0804 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher and the bulls could aim a break above the $0.1000 barrier.Cardano Price AnalysisAfter testing the $0.0600 support area, cardano price started a strong rally against the US Dollar. The ADA/USD pair gained more than 20% and broke many resistances such as $0.0650, $0.0720 and $0.0770. The upward move was strong as the price even broke $0.0800 and settled well above the 55 simple moving average (4-hours). Finally, there was a push towards the $0.0900 level and the price traded as high as $0.0883. Recently, it corrected below $0.0860 level and the 23.6% Fibonacci retracement level of…

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