Cardano's recent price surge has sent shockwaves through the cryptocurrency market. Over the past 30 days, ADA has increased by 10%, reversing its downtrend and catching traders' attention.
The 4-hour setup is bullish, with data showing an increase in traders' exposure. This suggests that momentum indicators are flashing bullish signals, indicating a potential continuation rally.
As resistance levels begin to crack, market participants are now watching for a possible breakout above $0.27. If this occurs, bulls may target the psychological $0.28 region first, followed by the next major upside area around $0.30.