Cardano Bulls Eye $0.40 as ADA Price Reclaims Key Moving Average

Cardano (ADA) is showing signs of a long-term bullish trend after months of struggling below major resistance.

The price has recovered from its lows around $0.15 and formed higher lows, moving back above the closely watched resistance level.

While momentum has improved, there's still an important obstacle to overcome: a strong resistance zone around $0.25 that could prove decisive for ADA's next move.

The daily chart shows early signs of a trend reversal, with Cardano reclaiming its 200-day moving average and forming higher highs and lows.

A breakout above the $0.26 resistance level would be a key test, potentially opening the way to $0.30 or even $0.40 if momentum continues.