As the cryptocurrency market watches with bated breath, Cardano (ADA) finds itself at a critical juncture. A formidable barrier of 3.21 billion ADA coins has emerged as a crucial threshold that must be overcome for Cardano to experience a significant price move. This vast number of coins, purchased by 202,040 addresses at an average price of $0.484, represents a make-or-break point for Cardano's price action.

According to IntoTheBlock data, the 3.21 billion ADA coins were bought in the range of $0.469 to $0.50. The significance of this barrier cannot be overstated, as the collective actions of those holding these coins will determine whether the price will kickstart a fresh move or face resistance that curtails its ascent. The outcome of this standoff between selling pressure and buying interest is eagerly anticipated, as Cardano's price action has recently been in the spotlight.ADA climbed in the past week, reaching a high of $0.51 on May 21 before encountering resistance. Following that, ADA fell to trade in a tight range. Cardano's ADA was up 1.73% in the previous 24 hours to $0.466 at the time of writing. This barrier might be a test of confidence for Cardano bulls, as a sell-off could lead to a price dip, while holding or buying more could signal optimism and push the price upward.

Overcoming the 3.21 billion ADA barrier could pave the way for Cardano's next major move, which targets March's high of $0.80. However, the pathway might not be smooth, as ADA needs to clear resistances at $0.537 and $0.683. Currently, Cardano remains at a decisive juncture, given its present range trading, with 3.21 billion ADA holding the key to its next major price move. Whether this barrier will act as a launchpad or a ceiling remains yet to be seen. As the market watches with keen interest, Cardano's next move will be closely monitored. Will the 3.21 billion ADA barrier be overcome, or will it prove to be an insurmountable hurdle? Only time will tell, but one thing is certain - Cardano's price action will be shaped by the actions of those holding these coins.