Cardano price analysis (Neutral) — 0.85 USDT (-2.44% 24h)

ADA is showing consolidation patterns around the $0.8466 level after a modest 2.44% pullback over the past 24 hours. The current price sits between the 20-day SMA ($0.843) and 50-day SMA ($0.847), indicating a critical inflection point for directional bias. Trading volume remains healthy at $116 million, suggesting sustained institutional interest despite the minor correction. The RSI reading of 53.57 shows neither overbought nor oversold conditions, providing room for movement in either direction. Volatility at 3.25% suggests typical crypto market conditions rather than extreme price swings. For traders, I’d recommend watching the $0.843 support level closely – a sustained break below could trigger further downside toward $0.82. Conversely, reclaiming the 50-day SMA with conviction could propel ADA toward the $0.88 resistance zone. Position sizing should remain conservative given the tight trading range, with stop losses strategically placed below key technical levels.