Cardano Surge Predicted Analyst Sees Potential

Cardano (ADA) Poised for Potential Price Surge

• Cardano (ADA) is trading at approximately $0.71.
• The price has not breached the rising trend-line since the 2020 Covid panic despite a 45% retracement from its late-2024 peak.
• The recent dip stopped within a demand band ranging from $0.57 to $0.78, with ADA now above the 50-week exponential moving average near $0.66.
• A potential breakout could target resistance levels near $1.31 and $1.50.
• The weekly relative-strength index is at 49, indicating potential upward momentum if it surpasses 60.

Currently, Cardano trades at $0.709, maintaining higher highs and lows on the weekly chart, suggesting a possible upward trajectory if key resistance levels are breached.