The Cardano (ADA) market has been experiencing a balance between buying and selling pressure, resulting in a narrow range for its price since February. However, key momentum indicators suggest that the tide may be shifting in favor of the bulls. The increasing liquidity and growing accumulation in the market indicate that buyers are gradually entering the market. The Chaikin Money Flow (CMF) indicator shows significant buying pressure, while the Balance of Power (BoP) confirms a growing bullish bias. If this momentum continues, ADA’s price could break upward and potentially reach prices above $1. However, a surge in profit-taking activity could lead to a break below the current range and a price drop to $0.60.



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