Cardano (ADA) has recovered from the low of $0.7280 and is now trading near the resistance area of $0.80, below the 100-hour SMA. The ADA/USD pair has broken the upward trend line at $0.7710 and is testing the 50% Fib retracement area ($0.7920–$0.80).
📈 Bullish Scenario
If it breaks $0.8080, ADA could surge to $0.880, even extending to $0.920 in the short term.
📉 Bearish Scenario
If it fails at $0.80, the nearest support is $0.770 and $0.7520. Losing this level could bring the price back to $0.7280, even $0.70.
📊 Technical indicators
MACD: Rising in the positive zone
RSI: Above 50, indicating sustained buying momentum
Support: $0.7520, $0.7280
Resistance: $0.7920, $0.8080