Cardano (ADA) is at a critical moment, hitting the $0.8119 resistance level! After a long period of steady accumulation, market confidence has increased greatly, and the buying power has begun to take control of the situation. Will the next trend be a direct breakthrough or another pullback?
ADA technicals are strong, is a bull market brewing?
Currently, ADA is steadily moving upwards, heading towards $0.8119. Market sentiment has turned positive across the board, with trading volumes surging by more than 10% in the past 24 hours, indicating a surge in investor interest.
Key technical signals: bullish or blocked?
Strong rebound from support level: After ADA successfully stabilized at $0.6822, buying surged in, pushing the price upward.
The 100-day moving average is about to break through: This moving average is a key resistance level, and if it successfully breaks through, market sentiment will further strengthen, opening up upward space.
RSI breaks above 50%, trend reversal: The Relative Strength Index (RSI) has risen above 50%, indicating that buying pressure exceeds selling pressure, further reinforcing bullish signals.
What is the target price for ADA after breaking through $0.8119?
If ADA breaks through $0.8119, the upward targets will be set at $0.8306, $0.9077, and even challenge the psychological level of $1.2630!
However, if ADA cannot break through the key resistance, it may face profit-taking, with a short-term pullback to $0.7500 or even $0.7000. The market is at a critical turning point, and the next few trading days will determine the direction of ADA.
Cardano's breakthrough moment is approaching, is the bull market officially starting? Let's wait and see!
