Cardano’s ADA Price Climbs to $0.75: Is a Breakout Near?

Cardano (ADA) surged past the $0.75 mark on May 21st, following a brief dip below the $0.71 support level. The recent move is marked by an upward trend in price after some volatility earlier this month. ADA is currently trading around $0.7550 and has shown signs of bullish momentum, with the RSI crossing above the 50-level on the 4-hour chart. However, analysts are cautiously optimistic about the ADAUSD’s ability to break past the $0.80 mark to potentially reach a target of $1. A failure to do so could lead to a drop towards the $0.68 level.