Cardano (ADA) Set for Short-Term Price Surge
📊 Technical Momentum Builds
Cardano is gaining strong traction on the 4-hour chart, with indicators showing a bullish structure. The 50-period moving average has crossed above the 200-period – a classic golden cross – while MACD is in positive territory and trending upward. Volume has increased by over 30% in the last 24 hours, confirming rising buyer strength.
📈 Targeting $0.78 in the Short Term
ADA is currently trading near $0.72 and pushing against a key resistance zone. If momentum continues, data suggests the price is expected to increase to around $0.78 within the next few hours. The presence of a triple white soldiers candlestick pattern further supports this upward outlook. RSI remains neutral, indicating room for more gains without immediate correction.
📰 Ecosystem Growth and Whale Accumulation
Beyond charts, ADA fundamentals remain solid. Cardano’s Lace wallet has expanded its capabilities, and its development activity now leads the entire crypto sector. On-chain data also shows major holders accumulating over 420 million ADA in recent weeks, tightening supply and enhancing price pressure.
🚀 Clear Direction: Bullish Trend in Play
With strong technical structure, positive sentiment, and active accumulation by large wallets, ADA is positioned for a short-term breakout. All indicators point toward a move toward the $0.78 zone, giving a clear signal for traders looking to enter during this momentum phase.
