Cardano price analysis (Bullish) — 0.42 USDT (+0.52% 24h)

ADA is showing modest bullish momentum, currently trading at $0.4235 with a 0.52% gain over the past 24 hours. The price sits comfortably above both the 20-day SMA ($0.4189) and 50-day SMA ($0.4190), indicating underlying strength in the medium-term trend. With RSI at 62.29, ADA approaches overbought territory but still has room for upward movement before hitting extreme levels. The 24-hour trading volume of $47.2 million demonstrates healthy participation, though not explosive. Volatility remains moderate at 5.11%, suggesting controlled price action. Traders should watch for a sustained break above $0.425 as confirmation of continued upward momentum. Consider taking partial profits near $0.435-0.440 if resistance holds, while maintaining stops below $0.415 to protect against sudden reversals. The current setup favors cautious optimism with careful position sizing.