Cardano finds itself at a critical technical juncture, presenting the possibility of a bullish breakout while indicators flash uncertainty signals. Trading within an ascending price channel on the daily timeframe, ADA now faces formidable resistance around the $0.43 level. This area halted Cardano’s momentum last month, sparking a pullback.
Keypoints
- ADA facing major trendline resistance around $0.43 that could spark bullish breakout if exceeded
- Indicators show mixed signals – bullish MACD but neutral RSI suggests uncertainty
- After brief correction, ADA quickly regained positive momentum
- Daily chart shows bullish golden crossover but potentially bearish RSI divergence
- If ADA clears resistance levels at $0.415 and $0.420, rally to $0.50 could unfold
However, now that ADA has concluded its corrective phase, the door reopens for a retest of resistance. A decisive break above would imply a bullish trend reversal,…
