Cardano (ADA) is exhibiting modest gains and signs of potential upward momentum despite current low market volatility and declining trading volumes. The cryptocurrency registered a 2% increase over the past 24 hours, trading within a narrow band between $0.75 and $0.77.
Technical analysis identifies the $0.7683 price point as a key resistance level. Overcoming this barrier is seen as critical for ADA to initiate a more significant price surge.
The declining trading volume, while indicating subdued immediate activity, is interpreted by some analysts as potential accumulation preceding a breakout. A successful breach above the $0.77 resistance could pave the way for ADA to target the psychologically significant $0.90 to $1.00 range.
While short-term volatility is expected to remain low, a confirmed breakout above resistance would signal renewed bullish sentiment and momentum for Cardano.