Cardano is showing renewed strength as excitement builds around its latest move. The project has drawn attention with signs of entering a strong growth phase, raising hopes of a breakout. Market analysts see the coming days as crucial for ADA.
At the time of writing, ADA is trading at $0.8257 with a 24-hour trading volume of $1.36 billion and a market capitalization of $29.23 billion. The token has gained 1.03% over the last 24 hours, sparking renewed excitement in the community.
According to market analysts, Cardano may have just entered a parabolic phase, a phase of the Wyckoff cycle often associated with explosive moves and rapid progress. A well-known crypto analyst, Mintern, has highlighted that ADA is showing early signs of vigorous upward acceleration, which suggests the asset could soon be aiming for new all-time highs.
Adding to this outlook, another analyst, More Crypto Online, highlighted the importance of the $1 resistance region. A successful move above this level could lead the way toward the $1.47–$1.79 range. The weekly RSI, being constructive and laying the foundation, the commentator believed, may also further support the bullish formation.
For ADA bulls, the coming weeks will be decisive. Building on the momentum and technical validations, investors have been eagerly waiting to see if Cardano will confirm a breakout and move toward higher price levels.
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The RSI of 49.91 is close to the neutral zone of 50, while the signal line is at 48.62. This suggests a prevailing neutral market position between buyers and sellers, with no strong overbought or oversold situations.
The MACD remains slightly negative, as the MACD line is -0.00341, the signal line is -0.00288, and the histogram is nearly -0.00053. This further indicates that bearish momentum dominates, although the selling pressure is weak. If the MACD moves to positive territory, it could signal a bullish breakout, but for now, one has to be very cautious.
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