Cardano's price remained for the second session -session on Friday, trading at $ 0.714 at the time of writing after an increase of 1.4% in the sun -day chart. The coin struggle to develop upward momentum over the past week, which refused 0.5% at the time.
However, the uprising is likely to stay playing near-term going to the 8.5% spike in trading volume in the last 24 hours. In addition, the transfer of the average varying -MACD (MACD) indicator is above the signal line, confirming the possibility of expanded gains.
In addition, the ADA price reached nearly 40% from April lows of $ 0.510, confirming the upward transfer to investor's sentiment. Meanwhile, Bloomberg's analysts reported this week that the chances of approved by Cardano Spot ETF stood 75% by the end of 2025.
In addition, the cost of open Cardano's interest contracts increased by 1.83% in the last 24 hours. These factors add propulsion to Cardano prices near and moderate. However, its DEFI performance has declined significantly in recent days, with the total amount locked (TVL) dropped by 1.73% in the last seven days. At the forefront, ADA will have to stay above $ 0.700 to maintain traction for the recent upward trajectory.
See also
Cardano's price prediction
Cardano price pivots at $ 0.704 and the upper level action that favors consumers to stay in control. That momentum is likely to meet its initial resistance to $ 0.716. However, an extended consumer control will remove the obstruction and may have a higher price action to test $ 727.
On the other hand, the momentum can move to the downside if the adausd breaks below $ 0.704. That is likely to see the first support established at $ 0.692. The upward narrative is invalid if the price breaks below that level. Also, such a momentum can expand the decline to test second support to $ 0.682.
