Cardano price analysis (Bullish) — 0.45 USDT (+1.69% 24h)

Cardano (ADA) is showing signs of consolidation with a bullish tilt, currently trading at $0.4511 after a modest 1.69% gain over the last 24 hours. The price sits comfortably above both its 20-day SMA ($0.445) and 50-day SMA ($0.432), indicating a positive short-to-medium-term trend structure. The RSI reading of approximately 65 is approaching overbought territory but hasn’t yet crossed the critical 70 threshold, suggesting there may still be room for upward momentum before a potential pullback. Trading volume of $55 million is healthy, providing decent liquidity for the current price action. The 4.6% volatility reading points to a relatively stable environment for ADA, which is typical during consolidation phases. For traders, consider holding long positions with a stop-loss below the 20-day SMA. New entries might be prudent on a pullback toward the $0.445 support level, targeting a retest of recent highs. Risk management is key, as an RSI above 70 could signal an imminent correction.