Cardano price analysis (Bullish) — 0.65 USDT (+2.17% 24h)

Cardano (ADA) is showing constructive technical positioning at $0.654, trading above both its 20-day ($0.645) and 50-day ($0.637) moving averages. The 2.17% 24-hour gain on substantial $62.6 million volume indicates genuine buying interest rather than speculative froth. With RSI at 52.14, ADA maintains healthy momentum without entering overbought territory, suggesting room for further upside. The 3.69% volatility reading reflects typical crypto market conditions rather than excessive instability. Traders should watch for sustained closes above the $0.65 level, which could trigger a move toward $0.68 resistance. Position sizing remains crucial given crypto’s inherent volatility. Consider accumulating on pullbacks toward the $0.64 support zone while maintaining stop-losses below $0.63 to manage downside risk. The convergence of moving averages provides dynamic support that could fuel the next leg higher.