Will Cardano Continue its Bullish Rally?

Cardano ADA breaks the support level at $1.3, with a price surge of 8.22% in the last 24 hours.

ADA is currently trading at $1.4, while the next target sits at $1.5 (Resistance Level).

At the daily timeframe, the Relative Strength Index is higher above 50, currently sitting at 53 levels

which is a good sign. However, if the RSI indicator stays above the 50 levels

then it means that bulls are in full control. The uptrend will continue then, and the price will surge more.

The MACD also seems stronger with no weakness yet

MACD

As the Histogram is making highs, which means the uptrend will continue.

Overall the indicators indicate, the bullish rally will continue.

Furthermore, the bulls are in control, while the next resistance level is at $1.5

which needs a 10% increase in price from now.

The price is likely to continue its upward movement based on the technical analysis.