ADA Price Prediction
Cardano's bullish outlook is further strengthened by its positive bullish-bearish power, a key metric of the Elder-Ray Index. At 0.02, the bullish-bearish power is currently above zero, indicating that buying pressure outweighs selling activity.
When bullish power dominates, it suggests increasing demand for ADA, reinforcing the likelihood of a price increase.
If this buying momentum continues, ADA could push towards resistance at $0.40. Notably, ADA has only attempted to break above this level once since entering its current horizontal channel, but the attempt was unsuccessful.
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