Cardano Price Surges 13% in a Week, But Momentum Looks Stretched

Cardano's price has surged by over 13% in the past week, reaching $0.22 as buyers push higher. The robust on-chain activity and new integrations have provided a boost to the cryptocurrency.

The trend indicators, including MACD and ADX, support continued bullish momentum, with MACD signaling buy and ADX value at 27.892 favoring buyers. However, the RSI reading near overbought suggests some potential for cooling.

Cardano is expected to trade between $0.201 and $0.239 over the next week, with key resistance at $0.232 and support at $0.218. The upcoming launch of the RealFi platform on October 1 will bring USDr stablecoin and real-world asset integration to the ADA network.