Cardano's ADA is currently trying to regain upward momentum, trading just below a significant resistance level of $0.7448. A decisive move above this point could open the door for a rally toward the next major resistance at $0.8093.
Technical indicators suggest that bearish pressure is starting to ease. While short-term moving averages are still above the current price, the gap between them is narrowing. This indicates that buyers are gradually becoming more active. The MACD histogram is moving toward the zero line, hinting at a potential bullish crossover, and the RSI has climbed from oversold territory, suggesting that sellers are losing control.
If ADA fails to break the $0.7448 resistance, key support levels to watch are $0.7014, followed by $0.6814 and $0.6712. Traders are watching these levels closely, with some looking for long positions on a confirmed breakout, while others are considering short setups if the resistance holds.
August 2025, Cryptoniteuae