Cardano price analysis (Bullish) — 0.82 USDT (+0.23% 24h)

ADA is showing resilience around the $0.824 level, trading slightly above its 20-day SMA of $0.8218 but facing resistance near the 50-day SMA at $0.849. The 23.1% 24-hour gain on substantial $122M volume indicates strong bullish momentum, though RSI at 51.67 suggests the move isn’t overbought yet. Current volatility of 3.08% reflects typical crypto market conditions. Traders should watch for a decisive break above the $0.85 level, which could trigger a move toward $0.90. However, failure to hold above the 20-day SMA may see a retest of support near $0.78. Position sizing should remain conservative given the proximity to key moving averages. Consider scaling into longs on pullbacks toward $0.80 with stops below $0.78, targeting $0.88-0.90 initially.