#ADA

Cardano has experienced notable growth in social media mentions, but its value remains below a critical resistance.

Cardano opens Thursday's session up at $0.7447. The 200-day moving average is below the last ten candles, RSI is rising at 48 points, and the MACD lines are below the zero level.

The medium-term resistance is at $1.17. Meanwhile, the Ei indicators show mixed signals. Specific altcoins like Cardano are experiencing high positive sentiment on social media. Thanks to the SEC classifying the use case of ADA as smart contracts for government services, the altcoin community has boosted optimism to its highest level in over four months.