Cardano Price Analysis: Here’s the Next Target for ADA Following 10% Daily Surge – CryptoPotato

ADA had an explosive Sunday with prices rallying 10% after a very quiet week when of barely any volatility.
Key Support levels: $1.2, $1.1
Key Resistance level: $1.5, $1.8
ADA surprised the market with a significant jump in price today which is fast approaching the key resistance at $1.5. The support at $1.2 did an excellent job in keeping the bullish momentum intact, and now ADA seems to be on a mission.
Trading Volume: The volume exploded today after a quiet Saturday, bringing confidence and significant momentum behind this bullish move. It appears that ADA will test the critical resistance at $1.5 soon, given the sentiment remains.
RSI: The daily RSI has made a higher high and has moved above 50 points, putting it on a path higher.
MACD: The daily MACD turned bullish last Thursday and ever since the histogram has been making higher highs. This signals a strong bullish move is at play.
The current bias is bullish.
The first true test of this move will be the key resistance at $1.5. The current momentum favors the bulls, and the price is due to test this key level very soon. If ADA can break above, then a sustained rally can follow.
Duo Nine is a seasoned cryptocurrency technical analyst with over five years of experience in price action trading. After buying his first Bitcoin in 2014, Duo never left the blockchain ecosystem. You will find him posting charts most of the time and hanging out on his Discord crypto community. Contact: Twitter

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