Cardano price analysis (Bullish) — 0.63 USDT (+1.29% 24h)

Cardano (ADA) is showing modest bullish momentum, trading at $0.6303 with a 1.29% gain over the past 24 hours. The current price sits just above the 20-day SMA of $0.6267, suggesting near-term support is holding, though it remains below the 50-day SMA of $0.6396, indicating some resistance overhead. The RSI reading of 54.5 places ADA in neutral territory with room for movement in either direction. Trading volume of $148 million appears healthy but not explosive, suggesting cautious accumulation rather than aggressive buying. With volatility at 5.05%, traders should expect continued price swings. For active positions, consider buying on dips toward the $0.625 support level with stops below $0.615. Resistance near $0.640 could trigger profit-taking, making it a potential take-profit zone for short-term traders. The overall technical picture suggests consolidation with a slight bullish bias, but confirmation above the 50-day SMA is needed for stronger conviction.