The ADA Cardano coin is trading today near the 0.91 dollar level after experiencing some volatility between 0.91 and 0.98 dollars over the past hours. Despite the slight decline, the overall trend still leans positive thanks to the price maintaining strong supports.
Technically, it appears that the 0.91 – 0.94 dollar range represents a pivotal support that could restore momentum for buyers if maintained. Conversely, the most significant resistance remains at 1.00 – 1.05 dollars, which is the node the market needs to clearly break through to confirm an upward signal towards higher levels.
The technical indicators give mixed signals in RSI approaching overbought, suggesting caution against any short-term correction while the MACD still maintains a slight positive signal reflecting the continuation of momentum.
If the price successfully exceeds 1.05 dollars, we may witness swift movements towards 1.18 dollars with the possibility of extending the rise to the range of 1.50 – 1.75 dollars in the medium term. However, breaking support below 0.90 dollars could bring ADA back to the 0.85 – 0.80 dollar areas.
In summary, Cardano is in a critical wait state, with continued trading above 0.91 dollars leaving the door open for gradual rises, while surpassing 1.05 dollars is the awaited spark for a stronger launch 🚀🔥
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