Cardano Dips Despite Bullish Signals: MACD, RSI Indicate Potential for Continued Growth

While Cardano (ADA) has experienced a week of bullish momentum, with a 19% surge in price, it suffered a 4.68% dip within the last 24 hours. However, technical indicators suggest potential for continued upward movement. TradingView’s MACD shows a positive crossover, signaling bullish momentum as the blue line (MACD) rises above the orange signal line. The histogram further reinforces this trend, with bars mostly green and rising in value. RSI sits at 61.60, indicating the token is in a bullish zone but not yet overbought.