Cardano is staging a powerful recovery, breaking through key resistance levels with renewed bullish momentum. At the time of press, Cardano price is up 15.55% in 24 hours to $0.8699, and +24.88% on the week. The surge came alongside a nearly 100% volume surge to $3.23 billion.
Amidst all this, the market capitalization has grown to $30.78 billion. The catalyst? A mix of ETF optimism, Grayscale’s increased ADA allocation, and a broader altcoin rotation that’s putting high-beta assets back in focus.
Cardano’s breakout above the psychological resistance at $0.83 marks a crucial bullish shift. The 4-hour chart shows strong follow-through with tight Bollinger Band expansion. Which further confirms the price volatility on the upside. Current resistance lies at $0.88–$0.90, but with momentum intact and RSI still at 76.69, the market could push ADA towards the $1 psychological barrier over the weekend.
That being said, short-term supports are firming up at $0.76, with a deeper safety net around $0.655. The Bollinger Bands’ middle line (20-SMA) at $0.7678 also acts as dynamic support in case of minor corrections.
On the daily timeframe, ADA has confirmed a breakout from a long-standing descending channel. The next major technical target for Cardano lies at $1.17, a resistance level marked from February’s failed rally.
The daily RSI at 83.06 signals ADA is in overbought territory, which may lead to short-term pullbacks. However, as long as the price sustains above $0.83–$0.85, the bias remains bullish.
The rally is driven by ETF optimism, increased institutional exposure via Grayscale, and a breakout above technical resistance.
Yes, if momentum sustains and ADA holds above $0.85, a push to $1 is likely.
Based on technicals, ADA could climb to $1.17, pending sustained breakout and altcoin strength.
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