Cardano price analysis (Bullish) — 0.90 USDT (+2.69% 24h)

ADA is showing strength with a 2.69% gain over the past 24 hours, trading at $0.9044 and comfortably above both the 20-day SMA ($0.8923) and 50-day SMA ($0.8812). The RSI reading of 74.4 indicates overbought conditions, suggesting potential for a short-term pullback or consolidation. Volume is healthy at over $157 million, supporting the current momentum. Given the elevated RSI and price trading above key moving averages, I’d advise taking partial profits on existing long positions and waiting for a dip toward the $0.88-$0.89 support zone before adding more exposure. The volatility of 2.88% suggests continued active trading. Set stop-losses below $0.875 for protection against any sudden reversal.