Cardano price analysis (Neutral) — 0.77 USDT (-1.90% 24h)

ADA is showing mixed signals at current levels around $0.7746. The slight 1.9% dip over 24 hours suggests some profit-taking, but the RSI at 62 indicates there’s still room for upward momentum before hitting overbought territory. Trading volume of $139M appears healthy, providing decent liquidity. The price sitting just below the 20-day SMA at $0.77562 suggests immediate resistance, while the 50-day SMA at $0.7956 looms as the next key level. Volatility at 3.3% is moderate for ADA, typical of its character. Traders should watch for a decisive break above $0.78 with volume confirmation for long entries, with stops below $0.76. The current consolidation appears constructive – I’d lean toward buying dips toward $0.765 support. Cardano’s development activity continues to provide fundamental backing, though broader market sentiment remains the dominant driver.