The Cardano price today is trading near $0.83, showing signs of a bullish continuation after a strong upside breakout earlier this week. The asset has climbed from the $0.66 zone and now challenges the upper resistance between $0.83 and $0.85. The recent Cardano price spikes reflect both positive sentiment and technical validation of an ascending triangle breakout on the 4-hour chart. Cardano price dynamics (Source: TradingView) From a broader view, ADA is pushing through the 0.382 Fibonacci retracement zone near $0.822, derived from the weekly chart’s November 2024 peak to its March 2025 lows. This makes the $0.84–$0.85 region a crucial level for the next phase of ADA’s rally. Intraday Momentum Signals Fresh Upside Pressure Cardano price dynamics (Source: TradingView) Zooming into the 30-minute and 4-hour charts, the Cardano price action has continued forming higher lows and is now consolidating near a key supply zone. Bollinger Bands on the 4-hour chart are expanding, with ADA’s candles hugging the upper band—signaling strong momentum. EMAs (20/50/100/200) also fan out bullishly below price, with the 20 EMA ($0.79) acting as a dynamic support. Cardano price dynamics (Source: TradingView) The RSI has surged back to 67 on the 30-minute chart, while MACD has turned positive with a bullish crossover, indicating rising short-term strength. This setup suggests that Cardano price volatility may rise in the coming sessions if ADA can sustain above the $0.81–$0.82 consolidation. Why Cardano Price Going Up Today? Cardano price dynamics (Source: TradingView) One major reason why Cardano price going up today is the successful breakout above $0.75–$0.77 resistance, which had capped ADA for nearly three weeks. The breakout was supported by volume and coincided with a rising crypto market backdrop, led by Ethereum and Bitcoin gains. ADA’s strength has been relatively more resilient, as shown by its ability to reclaim its daily structure faster than peers. On the daily timeframe, the rejection of the downtrend line that started in February has been confirmed with a clean break and retest near $0.70. If ADA holds above this region, a move toward $0.87 and potentially $0.91 (0.5 Fib) becomes more likely in the days ahead. Cardano Price Forecast Table: Key Levels and Indicators Indicator/Zone Value/Range Interpretation Cardano price today $0.83 Trading at local resistance zone Immediate Resistance $0.84–$0.85 Needs breakout to continue rally Major Support $0.81 / $0.77 Holding these levels is crucial RSI (30-min / 4-hr) 67 / 62 Bullish but nearing overbought zone MACD (30-min) Bullish Crossover Momentum shifting positive 4H EMAs (20/50/100/200) All below price Confirmed bullish trend Weekly Fibonacci Levels 0.822 (0.382 Fib) Price hovering at breakout zone ADA bulls appear to have regained firm control of the trend after weeks of sideways action. While the Cardano price faces immediate resistance near $0.84–$0.85, a breakout above this could open the path toward $0.91 and possibly $1.01 in the short term. Traders should watch for confirmation through RSI stability and volume follow-through. Previously, we highlighted ADA’s recovery from the $0.66 breakout zone—this now becomes the crucial invalidation level moving forward. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.