Cardano (ADA) is trading near the $0.80 level, with bulls testing key resistance at $0.8475.
📈 4-hour technical analysis shows:
The price has recovered from strong support at $0.72.
ADA is above the 50-day (0.7540) and 200-day (0.7678) moving averages, a positive indicator of upside strength.
The Relative Strength Index (RSI) is at 63.84, suggesting there is room to rise before reaching overbought territory.
🎯 Key Resistance and Support Levels:
Immediate resistance at $0.8475
Major resistance at $0.90
Immediate support at the 200-day moving average at $0.7678
Major support at $0.72
✅ As long as the price maintains support at $0.75, the upward momentum is expected to continue, with the price potentially reaching $0.90 and then attempting to reach $1.