Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano (ADA) is showing renewed strength on lower timeframes, with a short-term surge lifting the price above key moving averages. However, this momentum now faces a critical test as mid-term resistance levels come into play. Will the bulls maintain control, or is a reversalon the horizon? ADA Pushes Above Key EMAs: Bulls Seize Short-Term Momentum
Analyst Cexscan on X pointed outthat Cardano (ADA) is exhibiting a bullish trend on the 30-minute chart. The asset’s price has surged above the 20, 50, and 100-period Exponential Moving Averages (EMAs), indicating rising buying interest and momentumamong short-term traders. Related Reading Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead? 1 day ago
Adding further strength to the outlook is the Relative Strength Index (RSI), which currently sits in overbought territory. While this typically signals a possible pause or minor retracement, Cexscan believes that the strong bullish pressure evident in price action could override such a correctionin the short run, as long as volume remains healthy. ADA gaining upside traction | Source: Cexscan on X
Overall, the combination of bullish EMAs, elevated RSI, and sustained momentum paints an optimistic picture for ADA. Cexscan emphasized that if the current trajectory holds, Cardano could continue its upward path, with intraday opportunities unfolding along the way. Cardano Caught In A Tight Range: Will The Breakout Come Soon?
Thomas Anderson, analyzing Cardano’s 4-hour chart in a recent update, pointed out that the price was moving sideways around the $0.3374 zone. This consolidation is occurring between a defined resistance at $0.7612 and supportat $0.6874, both marked with yellow horizontal lines. The market appears to be taking a breather, potentially gearing up for a more decisive move. Related Reading A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH 3 weeks ago
Adding to the picture is the 200-period Moving Average, highlighted in red, which sits just above the current price and acts as a dynamic resistance level. This moving average has repeatedly blocked bullish attempts, making it a crucial hurdle to watch. A clean break above it could be a major trigger for renewed buying interest.
On the broader daily timeframe, Anderson observed that Cardano remains trapped within a larger consolidation pattern. The RSI indicator is hovering around 51, reflecting a neutral stance, while the MACD indicator is also showing little directional bias. This reinforces the view that the marketis waiting for a breakout catalyst before choosing its next path.
Anderson concluded by focusing on the ascending trendline resistance as a key technicallevel. A strong push above that line could pave the way for intraday gains, especially for scalpers. However, if ADA gets rejected at that level, it may head back toward the lower end of the range, offering potential shorting opportunities for traders watching closely. ADA trading at $0.80 on the 1D chart | Source: ADAUSDT onTradingview.com Featured image from Pixabay, chart from Tradingview.com