Cardano-bulls take matters into the hands, does Ada go to $ 0.90?

Now that Bitcoin (BTC) has broken his all-time high (ATH), optimism is also flowing to the altcoins. Cardano (ADA) benefits and notes an increase of 5.7% in the last 24 hours. With a course that hits at the time of writing at $ 0.80, the digital currency performs remarkably strong. But can Ada also break the next psychological limit of $ 0.90?

Strong Cardano Signals

Crypto analyst Akashnath recently shared his vision when it arrives at Cardano. In his technical analysis, he concludes that De Bulls took the upper hand again after the course managed to recapture the important level of $ 0.75. This created a clear bullish market structure on both the day graph and the four -hour graph.

In addition, several technical indicators give positive signals, which reinforces the confidence in a further increase in Cardano. For example, the Relative Strength Index (RSI), a commonly used momentum indicator, is firmly above the neutral level of 50. This suggests that the upward momentum returns, without the market being overheated: a healthy sign for a possible continuation of the trend.

According to the analyst, the ON-Balance Volume indicator (OBV) also inspires extra confidence. This tool measures the ratio between purchase and sales volume and provides insight into the degree of accumulation or distribution of an asset. The recent rise in the BBV indicates that more than sold than sold, which indicates increasing demand for ADA.

Ada Process expectations

Whether Cardano actually knows how to break through will eventually have to tell time. An important condition is that BTC retains its bullish momentum, since the largest crypto coin often sets the tone, both in rises and falls. However, in combination with the aforementioned positive race pattern, sentiment seems to be in favor of the bulls. They seem to take the initiative again and possibly clear the road towards the following resistors around $ 0.90 or even $ 1.00. In the most optimistic scenario, that would amount to a strong increase of around 25 percent compared to the current price level.