đ $ADA / Cardano â Technical & Fundamental Outlook
On the 4H chart, we can see MA7 crossing above MA25 đ â a bullish signal.
Right now, the key point is whether price will successfully close above MA25, which would confirm the move.
đ If this holds, we can expect a push toward MA99, currently around 0.3370 đŻ
This area is a strong resistance, but considering the ongoing innovation within the Cardano ecosystem â projects like Midnight and others đ â the breakout is expected to be relatively smooth.
đ In the mid to late part of the year, ADA has solid potential to print new highs, especially if we get positive news around a possible ETF đ°đ°
đ At the moment, volumes are low, but this doesnât mean lack of interest. On the contrary â large investors are already positioning at key levels, such as 0.3100.
This level makes sense because:
âïž it comes after the breakout of the psychological resistance at 0.3000
âïž itâs far enough from the next major resistance â MA99
đ Market is loading⊠itâs not a question of if, but when.
#ADA #Cardano #CryptoNews #etf #blockchain đđ