Cardano and Hedera Surge on Strong Momentum and New Partnerships

Cardano's ADA token has been on a tear, climbing over 15% in the past week and trading at around $0.222 on Monday. This surge has caught the attention of traders, with CoinJournal reporting improving short-term momentum for ADA. The token is holding above key moving averages, and RSI and MACD readings are strengthening.

However, there's still a significant resistance area to navigate before ADA can break out further. A clean break above $0.231 to $0.245 would give bulls more room to run, but rejection at this point could cool the move down.

Hedera's HBAR token is also gaining traction, up 3.05% over about 45 hours as council-partner developments breathe new life into its enterprise angle. WISeKey joining Hedera's council network and SpaceDev becoming a new partner have given bulls a fresh catalyst to work with.

The timing of these developments is opportune, with altcoin season chatter strengthening as traders look for assets with fresh catalysts beyond Bitcoin. While HBAR's move is modest, it's enough to catch the attention of those on the sidelines.