Cardano Price Rises as Bulls Gain Control Amid Stronger Momentum

Cardano (ADA) is showing bullish signs in the long term after months of struggling below major resistance. The price has recovered from the $0.15 lows and moved back above the closely watched resistance level.

The daily chart indicates a trend reversal, with the price forming higher highs and lows and reclaiming the 200-day MA. This is a crucial shift as this range previously acted as resistance.

ADA's weekly chart also gives strong bullish signals, with the price attempting to build a stronger base after clearing the local resistance range around $0.25. The next major hurdle is at $0.40, and a sustained weekly close above this level could open the way toward $0.80.

The current setup suggests a larger recovery is possible, but Cardano bulls need to push the rally above crucial levels. A move toward $0.30 looks like a reasonable first objective if momentum continues, while $0.40 would require a much stronger breakout and broader market support.