• Cardano has recently demonstrated resilience by holding strong above the crucial $0.81 to $0.67 support barrier.
• ADA’s RSI stood at 41.41, indicating a neutral market condition.

Cardano[ADA] has recently demonstrated resilience by holding strong above the crucial $0.81 to $0.67 support barrier.

That level is crucial for maintaining bullish momentum. Analysts see this support zone as a sign that ADA is positioning itself for upward movement.

If the momentum holds, ADA could break through resistance levels.

Is ADA ready for a breakout?

The chart shared by analyst Ali Martinez showed that ADA was holding steady above the $0.81–$0.67 support range.

This stability is crucial, as the support has effectively prevented significant declines and allowed the price to maintain its upward momentum.

ADA has not breached this support level, indicating potential bullish movement in the near term, especially if the support remains intact.

Further analysis shows the MACD line recently crossed above the signal line, a classic bullish signal. This crossover could indicate an impending price increase.

However, the MACD histogram is very close to zero, suggesting a lack of strong momentum. The weak histogram indicates that the bullish signal may not be backed by significant buying pressure yet.