$ADA Price Eyes 25% Rally As Binance Pay Adds ADA - CoinGape Analytics

ADA price action has broken above the upper boundary of the falling wedge, indicating a potential bullish reversal. The previous downtrend has been challenged by this breakout, and momentum appears to be shifting toward the upside.

The price of ADA is likely to experience some resistance at $0.3621, which coincides with the 200-day exponential moving average (EMA) and the top of the current consolidation zone the asset is in. Beyond this, Cardano price could surge 25% to the $0.4500 level, which could act as a stronger resistance and a critical point for the continuation of the upward move.

The relative strength index (RSI) is currently at 60.45, indicating bullish momentum but not overbought. This supports further upward movement but suggests that the price might face some resistance as it approaches higher levels.

If the Cardano price breaks below $0.3280, it will likely confirm a bearish reversal, invalidating the current bullish thesis. A further downside could see the price targeting $0.3220 and below.