Cardano (ADA) targets recovery with enhanced technical settings 📊

Cardano (ADA), which is currently trading around $0.435 in the ADA/USDT pair, shows early signs of potential recovery. After stabilizing above the support area of $0.42, ADA has formed a bullish structure with increasing volume and a contracting range. Momentum indicators such as RSI and MACD indicate a shift towards upward movement. If ADA can surpass $0.45, the next resistance is near $0.48, opening the door for a possible retest of $0.50. Meanwhile, the ongoing improvement of the ecosystem and the increase in TVL in DeFi on the Cardano network provide strong fundamental support.