Cardano (ADA) Price Analysis
Cardano (ADA) is currently trading at $0.793, having surged 7.45% intraday, breaking above the key Fibonacci level of $0.776. This marks the third consecutive bullish candle, with ADA inching closer to its 52-week high of $0.819. The price has surged 147% in just 16 days, from $0.32, signaling strong bullish momentum. The ADX line sits at 48.76, indicating room for further growth. Cardano whales have increased their holdings significantly, with whales holding over $10 million worth of ADA boosting their positions by 145.72%. Fibonacci projections suggest potential price targets of $0.994 and $1.363, with $1 being a realistic short-term target. If the daily candle closes above $0.776, a minor retest of this level is possible before further gains.