Cardano Price Fit Turn Around as Futures Volume Dey Surge
Cardano price don test and fail for $1 resistance level recently, e leave long upper wick for daily chart. The asset dey now consolidate above $0.90 support zone, e dey make higher highs and higher lows since e base near $0.51. Momentum indicators dey show say trend dey cool down: RSI don drop to 62 and MACD dey show say bullish momentum dey fade. If e retest $0.86–$0.90 support range, e fit confirm bullish reversal if trading volume go up and price bounce, e go set stage for move back to $1. Traders dey eye the 7-day EMA as short-term inflection point. Meanwhile, Cardano futures volume climb reach $6.96 billion, highest for five months, meaning say derivatives traders dey participate well well. For history, spikes like this for futures activity dey predict strong spot rallies. If the uptrend hold, Cardano price fit extend gains to $1.10–$1.15 and even $1.50 in the coming weeks, e fit be good chance to buy the dip.
Bullish
Di increase wey Cardano futures volume reach five-month high e show say derivative traders don get renewed interest, and e dey usually cause spot price rallies. The asset technical structure still dey stable, with higher highs and higher lows since the $0.51 base plus well-defined ascending trendline. Even though momentum indicators like RSI and MACD don cool down, dis consolidation na characteristic of healthy uptrends before more gains. If e fit successfully retest the $0.86–$0.90 support zone and bounce pass the 7-day EMA, e go confirm higher low, wey fit trigger fresh buying reach $1 and beyond. Historically, the same kind volume spikes for Ethereum futures come before e move to record highs early 2024. For short term, traders fit see dips inside the support zone as buy-the-dip chances. For medium to long term, steady futures activity plus possible ETF-related catalysts fit push Cardano price reach $1.50. If e fail to hold key support, e go kill the bullish view, but current indicators favor upward resilience.