Cardano price analysis (Neutral) — 0.65 USDT (+0.31% 24h)

Cardano (ADA) is showing intriguing technical signals as it consolidates around the $0.653 level. The current price sits almost perfectly at both the 20-day and 50-day simple moving averages, indicating a critical inflection point for the asset. With RSI at 48.4, ADA remains in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. The 3.07% gain over the past 24 hours combined with substantial $24 million trading volume shows healthy interest, though the moderate volatility reading of 3.38% suggests controlled price action. Traders should watch for a decisive break above $0.66 with volume confirmation for bullish continuation, while a breakdown below $0.645 could signal further downside. Given the tight consolidation between key moving averages, position sizing should remain conservative until clearer direction emerges. Consider scaling into positions on confirmed breaks of either resistance or support levels with appropriate stop losses.