📊 $ADA – Cardano is preparing for a new launch amid strong technical and behavioral signals 🚀📈
ADA coin continues to attract market attention after a strong rebound from the technical support level at $0.78.
Technical and behavioral indicators suggest the possibility of continued upward movement throughout August 2025, especially with the price approaching a critical resistance at $0.83.
---
🔍 Key Technical Indicators
- Current Price: Approximately $0.8686 (+7.84%)
- RSI: Steadily moving towards the positive momentum zone (63–67), reflecting increasing buying strength
- MACD: Shows a bullish crossover, enhancing the likelihood of continued positive movement
- Trading Volumes: Holding strong, with a clear dominance of buyers in the market
---
⚠️ Caution Points
- Strong resistance at $0.83, followed by $0.88 and $0.93 — breaking through these levels is essential to confirm the upward trend
- Despite the momentum, some indicators suggest nearing overbought areas, warranting caution about a potential correction
- Market volatility may impact ADA's movement, especially with open interest in derivatives rising to $1.44 billion
---
🚀 Predictions
- If the $0.83 level is firmly breached, we may see an extension towards $0.93 then $1.10 in the coming weeks
- Some analysts believe ADA could reach $1.50 or even $3 by the end of the year if momentum continues
📢 Follow channel #CryptoEmad for more accurate analyses and instant updates 💬📡