Cardano has surged more than 40% from its early April lows, indicating renewed bullish interest in the altcoin space.
ADA is currently consolidating within a symmetrical triangle on the 4-hour chart, suggesting a potential breakout in the near future.
A move above $0.7730 could lead to bullish continuation towards the $0.85-$0.90 zone, while losing support near $0.6280 might trigger a broader correction.
Cardano's price analysis shows that it is consolidating just below key resistance levels, with a breakout likely to occur if it maintains current support levels and builds momentum.