$ADA Faces Make-or-Break Moment at $0.7448

Cardano’s ADA is at a pivotal point on the daily chart, with price action pressing against the $0.7448 resistance level. A breakout above this zone could open the door to a rally toward $0.8093, while a rejection may see the asset retest support at $0.7014 and potentially $0.6814.

Momentum indicators show early signs of recovery. The narrowing gap between short- and medium-term moving averages suggests weakening bearish pressure, and the RSI’s rebound from oversold territory points to a shift in sentiment. However, the MACD remains slightly negative, signaling that bullish conviction is not yet fully established.

For traders, aggressive bulls may eye entries on a confirmed breakout above $0.7468, targeting $0.8093, while cautious buyers might wait for a retest before committing. Bears could look for short opportunities if price fails at resistance, aiming for the lower support levels.

The coming sessions may determine whether ADA transitions into a stronger bullish phase or resumes its corrective movement.
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Read the full analysis: www.ecoinimist.com/2025/08/04/ada-make-or-break-situation