Why do I believe in Cardano?

$ADA A has been trading between $0.91 and $1.20 recently, showing signs of consolidation.

The Relative Strength Index (RSI) is around 31, indicating oversold conditions.

With the Stochastic oscillator below 20, buyers may soon step in.

ADA’s 10-day moving average is approaching its 100-day moving average, suggesting a potential bullish crossover.

The nearest resistance is at $1.30; breaking this could see ADA targeting the next level around $1.59.

This represents a potential gain of over 30% from current prices.

Despite a slight dip over the past month, ADA is up over 100% over the past six months, hinting at underlying strength.

The current setup could be the launch pad for the next upward move.