Cardano breaks $0.70 — is a trend reversal possible?

ADA is demonstrating a confident recovery after one of the shortest 'death crosses' in the project's history. The price has increased by 13% in a day, RSI is at a 7-week high, and buyer activity is strengthening.

Key resistance is at $0.77. If ADA holds above this level, the next target is $0.85. Otherwise, a correction to $0.63 is possible.

While the market shows signs of recovery, Cardano remains under pressure from competition and overall investor sentiment.

We are monitoring the dynamics. A breakout or false momentum will be revealed in the coming week.

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