Cardano price analysis (Bullish) — 0.89 USDT (+1.17% 24h)

ADA is showing modest strength, trading at $0.8947 with a 1.17% gain over the last 24 hours. The RSI at 63 indicates bullish momentum without being overbought, suggesting room for further upside. Price is currently above both the 20-day SMA ($0.8916) and 50-day SMA ($0.8876), confirming a positive short to medium-term trend. The 24-hour volume of $125.85M is healthy, supporting the current price action. However, volatility remains moderate at 2.6%, indicating some caution among traders. Given these signals, I recommend considering long positions with a tight stop-loss around $0.88. Target resistance levels at $0.92 and potentially $0.95 if momentum continues. Always manage risk appropriately in these conditions.