Cardano$ADA ’s breakout from consolidation is eye-catching. The recent uptrend visible on the chart signals growing bullish momentum. Key support levels are crucial to sustaining this upward move.
ADA found stability around $0.87 during its previous price swings, which helped trigger the breakout. Another support level, at $0.85, acted as a solid base where buyers stepped in during intraday volatility.
The immediate resistance is at $0.91. A breakout here could lead to a test of higher resistance at $0.93 or even $1.00. A move above $0.90 will determine whether the bullish trend will continue.
A 12.48% increase in 24-hour volume supports the breakout, adding credibility to the current momentum. The RSI is hovering around 50, indicating neutral momentum. A move above this level could signal stronger buying interest, while a drop below 44 could indicate bearish pressure.
The MACD also points to bullish potential, with the MACD line crossing above the signal line. $STRAX $FIRO