Accumulating ADA becomes a viable option, according to signals in the Cardano price.

Cardano (ADA), the eighth largest cryptocurrency by market capitalisation, is currently trading at $0.83, with a 24-hour trading volume of $1.46 billion.

The current support levels for ADA are around $0.77 and $0.70. Technical analysis indicates that these levels may offer a cushion if the current move loses strength. Larger demand zones, where the price previously found stability, stretch from $0.50 to $0.69.

The price action is near the top half of the Bollinger Bands range, with the upper band at $0.96. This suggests a slight upward bias for ADA, as the cryptocurrency is trading above the midline at $0.74. The TD Sequential indicator has signaled a "9" buy signal for ADA, indicating a potential easing of downward pressure.

The MACD histogram remains green, indicating continued buying interest. The MACD line is above the signal line, and both are in positive territory, reflecting this continued buying interest.

Recent comments from cryptocurrency analyst Ali Martinez suggest that ADA is "on the verge of a breakout to $1.50" if it breaks past the $1.10 resistance level. This potential breakout could trigger a 50–70% rally, according to Martinez. He also highlighted significant whale accumulation of ADA and the technical potential for a price surge aided by ongoing network upgrades and improved investor sentiment.

Following the signal, Cardano (ADA) closed at $0.82 with a daily gain of 2%. The strength of market flows in the coming days may determine whether the current trend continues.

Analyst CW stated that Cardano (ADA) is breaking through its first sell wall. Cardano is currently testing resistance between $0.83 and $0.86, an area where sellers were previously active. If buyers maintain pressure and close above this resistance zone, the next price levels to watch for ADA are $0.90 and $1.00.

In conclusion, Cardano (ADA) is holding steady near a key resistance level, with technical indicators suggesting a slight upward bias. If the resistance is broken, analyst predictions point to potential significant price increases. The strength of market flows in the coming days will be crucial in determining the direction of ADA's price action.