The price may face strong resistance at the $1.20 level causing it to stagnate at the level. The correction may cause it to consolidate between the $1.10 and the $1.20 mark.
According to the Founder, the upgrade to Daedalus Flight will take place in the first week of March as well and will be deployed on the Daedalus mainnet around mid-March, following a two-week burn-in.
Cardano price has surged recently because of the overall strong performance of cryptocurrencies in the past few days. This surge started when Elon Musk revealed that Tesla had bought about $1.5 billion worth in Bitcoin.