Cardano Explodes 15% as ADA Smashes Through 250-Day Resistance
The post Cardano Explodes 15% as ADA Smashes Through 250-Day Resistance appeared on BitcoinEthereumNews.com. Cardano (ADA) price has surged by almost 15% in the last 24 hours, suggesting bullishness. The ADA daily trading volume has surged over 90% suggesting buyers are back in the game. Cardano (ADA) has made an impressive rally, breaking through key resistance levels and hitting its highest price point in five months. As per CMC data, the altcoin is trading around $0.9973, which is a major breakout of a long period of consolidation that has characterised its price action in most of 2025. The technical configuration displays an attractive bullish story. ADA has now broken out of a falling parallel channel that it has been in for more than 250 days, a possible change in market sentiment. The price action indicates a clear breakout above the two important exponential moving averages, with the 50-day EMA at $0.7578 being a very strong support over the longer-term 200-day EMA at $0.7176. This golden cross pattern is normally a sign of a prolonged bullish trend. The RSI value of 74 indicates a lot of buying pressure, but it is nearing the overbought area. Although such a level is usually a precursor of possible consolidation, the current momentum seems to be strong enough to continue the rise. The MACD indicator has made a bullish crossover, and the histogram has positive momentum that supports the uptrend. This technical correlation implies that the new breakout is backed by real purchasing interest and not speculative peaks. What Next For Cardano Price? The social sentiment indicator shows that the sentiment is mainly positive, and the green bars are dominant in the recent period. This relationship between the movement of the price and social sentiment usually gives further confirmation of sustainable trends. The breakout above the previous resistance of $0.9000 shows the strength of the current rally. The breakout…
The post Cardano Explodes 15% as ADA Smashes Through 250-Day Resistance appeared on BitcoinEthereumNews.com.
Cardano (ADA) price has surged by almost 15% in the last 24 hours, suggesting bullishness. The ADA daily trading volume has surged over 90% suggesting buyers are back in the game. Cardano (ADA) has made an impressive rally, breaking through key resistance levels and hitting its highest price point in five months. As per CMC data, the altcoin is trading around $0.9973, which is a major breakout of a long period of consolidation that has characterised its price action in most of 2025. The technical configuration displays an attractive bullish story. ADA has now broken out of a falling parallel channel that it has been in for more than 250 days, a possible change in market sentiment. The price action indicates a clear breakout above the two important exponential moving averages, with the 50-day EMA at $0.7578 being a very strong support over the longer-term 200-day EMA at $0.7176. This golden cross pattern is normally a sign of a prolonged bullish trend. The RSI value of 74 indicates a lot of buying pressure, but it is nearing the overbought area. Although such a level is usually a precursor of possible consolidation, the current momentum seems to be strong enough to continue the rise. The MACD indicator has made a bullish crossover, and the histogram has positive momentum that supports the uptrend. This technical correlation implies that the new breakout is backed by real purchasing interest and not speculative peaks. What Next For Cardano Price? The social sentiment indicator shows that the sentiment is mainly positive, and the green bars are dominant in the recent period. This relationship between the movement of the price and social sentiment usually gives further confirmation of sustainable trends. The breakout above the previous resistance of $0.9000 shows the strength of the current rally. The breakout…
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