Cardano price analysis (Neutral) — 0.61 USDT (-4.52% 24h)

Cardano (ADA) is showing mixed signals after a 4.5% pullback to $0.6131, though it continues trading above its 20-day SMA of $0.606, indicating near-term support remains intact. The RSI at 60.57 suggests ADA isn’t overbought yet, leaving room for potential upside if buying pressure resumes. However, the current price sitting below the 50-day SMA at $0.6287 highlights persistent resistance that bulls need to overcome. Trading volume remains healthy at $95 million, suggesting continued market interest despite the recent dip. The 3.35% volatility reading indicates typical crypto market fluctuations. Traders should watch for a decisive break above $0.63 with volume confirmation for long entries, while a breakdown below $0.60 could signal further downside toward $0.58. Position sizing remains crucial given the current market uncertainty.