Cardano price analysis (Bullish) — 0.67 USDT (+6.74% 24h)

Cardano (ADA) is showing impressive momentum this week, posting a robust 6.74% gain over the past 24 hours as buying pressure accelerates. The current price of $0.6711 has decisively broken above both the 20-day SMA ($0.658) and 50-day SMA ($0.643), indicating strengthening bullish sentiment. With RSI sitting at 62.1, ADA remains in healthy territory – not yet overbought but showing clear upward momentum. The substantial $92.9 million trading volume confirms genuine institutional and retail interest rather than speculative pumps. Traders should watch for consolidation around the $0.67-$0.68 resistance zone. A sustained break above $0.68 could trigger another leg up toward $0.72. Consider scaling into positions on any pullbacks to the $0.66 support level, while maintaining tight stops below $0.65 given the elevated 4.4% volatility reading. The technical setup favors continuation patterns, but position sizing remains crucial in this volatile environment.