Cardano's (ADA) coin is challenging the declining trendline that has been a resistance level since

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March 14. This move follows a recovery off the weekly low of $0.32 and remains above $0.395, indicating bullish momentum.ADA trades at $0.395 at press time, up 2.46% in 24 hours, making it the top gainer among the top 10 cryptocurrencies. This market optimism has raised its intraday market cap to $14.191 billion, putting it 10th in crypto. However, its 24-hour trading volume rose 13.86% to $294.95 million.TradingView shows the ADA coin challenging its 4-month trendline. Breaking this level might suggest a positive breakthrough, keeping the coin above $0.40. This favorable move might boost ADA prices by 22%, exceeding June's $0.49 high, according to market analysts.A bullish trend is indicated by RSI rising lows and highs.ADA/USD 1-Day Chart TradingView (Source)The RSI index supports this view. From the aforementioned study, the RSI makes higher lows and higher highs, suggesting a positive trend. The RSI at 53.11 implies ADA is not overbought, allowing price appreciation and a move over $0.49. $BTC $ADA #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS