Cardano's price has surged by 10% in the last 24 hours, but it has reached a familiar resistance level at $0.37. Historically, Cardano has struggled to break past this level and often settles into a rangebound pattern. The market sentiment is cautious, as indicated by the negative MVRV long/short difference figure, suggesting that short-term holders are in profit and may sell, putting downward pressure on ADA's price. Technical indicators like the Relative Strength Index (RSI) show mixed signals, indicating that Cardano's rally may not be fully supported by upward momentum. If ADA fails to surpass $0.37, it is likely to remain within its current range. However, if it does breach this resistance, a rally toward $0.39 could occur, signaling stronger buying pressure and potential growth for Cardano.



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