$ADA
Cardano (ADA) has surged roughly 37% month‑to‑date, currently trading near $0.85 after a strong 13% gain just today . Technicals are bullish: it has flipped multiple EMAs, broken out of a long-term descending channel, and is hovering above key resistance at $0.85–$0.90 .
On-chain indicators support the momentum. The 60‑day MVRV (~23%) implies limited profit pressure, while Age‑Consumed shows low movement by old holders—signifying confidence . Open interest in futures recently hit a record $1.65 billion, highlighting rising institutional and trader conviction .
Targets ahead: Analysts see a short-term push to $0.90–$0.95, possibly testing $1.00. If ADA sustains above $0.85, upside extensions could reach $1.18–$1.31 . Key support lies at $0.82–$0.84; a drop below $0.80 may signal consolidation or a pullback. Given strong momentum and fundamentals, a run toward the $1 mark seems plausible this month.
Bottom line: ADA is in a strong bull phase. Watch $0.85–$0.90 resistance and manage risk around $0.82.
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