Cardano’s native token ADA has demonstrated resilience with a 1.28% price increase over the past day, outperforming most cryptocurrencies amidst broader market weakness. This upward movement positions ADA near a critical resistance level at $0.7263, where a decisive breakout could initiate a bullish push toward the $0.73-$0.74 price range.
Despite the positive momentum, trading volume remains notably low, reflecting cautious market sentiment and suggesting limited near-term volatility. Technical indicators on the hourly charts currently point toward continued bullish momentum.
The midterm outlook remains uncertain following ADA’s recent unsuccessful attempt to breach the $0.8955 level. Technical analysis warns that failure to overcome the $0.7263 resistance could trigger a pullback toward the $0.65 support zone if buyer momentum dissipates.