Cardano price analysis (Bullish) — 0.88 USDT (+1.94% 24h)

ADA is showing modest strength, trading at $0.8809 with a 1.94% gain over the past 24 hours. The RSI at 55.73 indicates neutral momentum with slight bullish bias, while price trading above both the 20-day SMA ($0.8757) and 50-day SMA ($0.8686) suggests underlying support. Volume of $84.7M is decent but not exceptional, indicating cautious participation. Volatility at 2.68% is moderate for ADA. Current positioning suggests consolidation with upward potential. Traders should watch for a break above $0.885 for continuation toward $0.90, with stops below $0.865. Consider scaling into long positions on any dips toward the SMA support levels, while monitoring broader market sentiment for confirmation.