$ADA 📈 Cardano (ADA) Market Outlook: Breaking the Consolidation?
Hello Gate.io Community! 👋
Today, let’s take a look at Cardano ($ADA). After a period of sideways movement, ADA is showing signs of a potential trend reversal on the 4-hour time frame. The price action is currently hovering near a multi-week resistance zone, and the RSI (Relative Strength Index) suggests that momentum is gradually building up.
Key Technical Levels to Monitor:
📍 Major Support: $0.65 - $0.70. This level has acted as a strong floor during recent pullbacks. As long as ADA stays above $0.70, the bullish structure