🚀 Is $ADA getting ready for launch? Technical signals indicate a potential breakout 📈🔥
Cardano (ADA) is moving within a tight range between strong support and weekly resistance, indicating a critical moment that may determine its next direction.
The price has risen by 4% over the past 24 hours, while the Relative Strength Index (RSI) approaches the 60 level — a zone that shows increasing bullish momentum without overbought conditions.
The chart shows horizontal consolidation after a rising wave, with a potential bullish flag pattern forming.
MACD shows a positive crossover, and trading volume is gradually increasing — indicating the entry of smart money before a big move.
If resistance at $0.7557 is broken, momentum may extend towards $0.8213 and then $0.8618.
However, if the upward trend line is broken, the price may retract towards the support area between $0.6496 and $0.6901, levels being monitored by traders for potential bounce opportunities.
On-chain, exchange balances are declining, and wallet activity is increasing — indicating quiet accumulation by investors.
Social sentiment is gradually shifting towards positivity, with increasing discussions about ADA on X and Telegram platforms, amidst expectations of a strong return for infrastructure coins.
Despite this momentum, risk management remains essential. Confirmation of the breakout requires strong trading volume and a clear close above resistance.
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