Will Cardano Break Out This Weekend, or Face Another Dip Below $0.63?

Cardano (ADA) is currently trading below $0.63, encountering resistance at the key level of $0.633. While RSI and MACD show early bullish signals, volume and trendline confirmation are still lacking. 4-hour charts indicate a potential breakout above this zone is possible if supported by increased volume, which could take ADA towards $0.645. 20-day, 50-day, and 100-day EMAs remain clustered between $0.622 and $0.633. This suggests a cap on recent price action. The 200 EMA, however, sits further above at $0.66, highlighting the broader bearish trend for ADA.