Cardano price analysis (Bullish) — 0.68 USDT (+4.71% 24h)

Cardano (ADA) is showing encouraging momentum, currently trading at $0.6846 with a solid 4.71% gain over the past 24 hours. The price sits comfortably above both the 20-day SMA ($0.68008) and 50-day SMA ($0.66497), indicating underlying strength in the medium-term trend. With RSI at 62.5, ADA approaches but hasn’t yet entered overbought territory, leaving room for further upside. The $72 million trading volume suggests decent participation, though not explosive. Traders should watch for a sustained break above $0.69, which could trigger a move toward the $0.72 resistance zone. On the downside, the 20-day SMA should provide initial support. Given the current technical setup, consider scaling into positions on any pullbacks toward $0.67-0.68 while maintaining strict stop-losses below $0.66. The volatility reading of 3.2% suggests typical crypto market conditions, so position sizing remains crucial.