Cardano Price Coiled Like a Spring: What's Next?

Cardano's price has been stuck at $0.22 for some time now, and technical analysts are warning that this could be a sign of a coming volatility surge.

The asset is currently trading exactly on its SMA 200 level, with the MACD momentum flatlined and ATR compressed to just $0.01.

This tight volatility compression always resolves violently, according to Joerg Hiller, indicating that a move three times or five times the ATR is likely in the near future.

Historically, this type of setup has resulted in a price move of around $0.03 to $0.05 from the breakout point, with traders being forced to make a decision due to the lack of sideways movement in mid-cap Layer 1 assets like Cardano.