$ADA price prediction

Cardano  is facing resistance near $0.86, but a positive sign is that the bulls have not ceded much ground to the bears.

The 20-day EMA ($0.72) has started to turn up, and the RSI is near the overbought area, indicating an advantage to buyers. If the price rebounds off the neckline, the bulls will try to propel the ADA/USDT pair above $0.856. If they can pull it off, the pair could travel to the target objective of $1.01.

If sellers want to prevent the upside, they will have to swiftly yank the price below the moving averages. If they do that, the pair could descend to the solid support at $0.58.

#Cardano