The current price is trading at $0.954.
Compared to yesterday, the price is clearly rising by over 4.71%, reflecting the entry of new liquidity.
Trading volume is strong, which means the movement is not just short-term speculation but there is real momentum.
Overall trend:
In the short term, the trend is upward but it is approaching important resistance areas.
In the medium term, the price is still in a recovery phase after a decline.
In the long term, Cardano, if it maintains its updates and enters DeFi and NFT projects, may remain one of the promising coins.
Technical levels:
Supports: $0.90 is the closest support; if broken, we may see a return to $0.85 or $0.77, which is a very strong support representing a previous bottom.
Resistances:
$0.98 is a close current resistance, and we may witness a struggle over it, or $1.00 is a psychological level, and breaking it will push the price strongly up to $1.10, the next target if the price breaks the $1.00 level.
Forecasts 🔥
The positive scenario is if ADA can surpass $0.98 with strong trading volume, there is a chance to reach $1.00 then $1.10.
The negative scenario is if the price loses momentum and falls below $0.95, it may test the $0.90 level again.
Current situation: The market tends to rise, but any failure to break through $1.00 may lead to a minor correction.
Cardano summary: It is currently in a good position and shows clear buying strength. The key level is $0.98 - $1.00.
If the price breaks this area, we are likely to see a new upward surge; however, if it fails, it is normal for the price to return to test $0.90 as support.
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