Cardano price analysis (Bullish) — 0.86 USDT (+7.70% 24h)

ADA is showing strong momentum with a 7.7% surge over the past 24 hours, currently trading at $0.8614 against significant volume exceeding $115 million. The RSI reading of 77.47 indicates the asset is heavily overbought, suggesting potential near-term consolidation or pullback. However, the price remains above both the 20-day SMA ($0.847) and 50-day SMA ($0.820), confirming the underlying bullish trend structure. The elevated volatility at 3.31% reflects heightened market activity, typical during strong directional moves. Traders should consider taking partial profits at current levels while maintaining core positions, with strict stop-losses below $0.820. For new entries, waiting for a healthy pullback toward the $0.835-$0.845 support zone would provide better risk-reward opportunities. Monitor volume patterns closely – sustained high volume on any further upside could signal extended gains, while declining volume may precede correction.