Cardano is gaining traction after months of sideways movement. Currently priced at $0.455, ADA is up over 6% on the day, making a strong push toward critical resistance levels.
📊 Market Snapshot:
Current Price: $0.455
24h High: $0.463
24h Low: $0.428
Volume: $480M+
Momentum is building as ADA reclaims the $0.44–$0.45 range as support.
📈 Technical Overview (1D Chart):
✅ Broke out of descending wedge formation
✅ Trading above the 50-day EMA for the first time in weeks
🔼 Key Resistance: $0.475–$0.485
📍 Breakout above this zone could lead to targets at $0.52–$0.55
🎯 Trade Setup:
🟢 Long Position:
Entry Range: $0.450–$0.458
Targets:
Target 1: $0.475
Target 2: $0.520
Target 3: $0.550
Stop-Loss: $0.428
🔁 Alternative Entry:
If price faces rejection near $0.475, monitor the $0.435–$0.440 area for a potential bounce and re-entry.
🧠 Macro Narrative:
Cardano’s DeFi and governance ecosystems continue to expand steadily.
Long-term outlook supported by the Vasil upgrade and upcoming stablecoin integrations.
Often lags behind other altcoins — potential for delayed but sharp rallies.
⚠️ Risk Factors:
ADA is historically a slow mover — patience is essential.
Bullish continuation depends on Bitcoin maintaining above $67.5K.
