The post Will Momentum Build for a Possible $0.60 Push? appeared on BitcoinEthereumNews.com. Cardano (ADA) is currently trading at the $0.46 zone. Its 24-hour trading volume has skyrocketed by 127%. A 2.98% spike in the crypto market has triggered the digital assets to trade on the upside. The majority of them are charted in green, attempting to gain momentum and climb to the recent highs. Yet, the broader market sentiment remains cautious, with the Fear and Greed Index value holding at 30.  Following suit, the notable altcoin, Cardano (ADA), has posted a steady rally of over 9.31%. In the early hours, the asset traded at a bottom range of $0.4246, and with the bullish encounter, the price mounted toward a high of $0.4829, after ADA had tested the crucial resistances between $0.4251 and $0.4824. According to the CoinMarketCap data, at the time of writing, Cardano trades at the $0.4652 mark, with its market cap reaching $16.68 billion. In addition, the daily trading volume of ADA has skyrocketed by over 127.62%, touching the $1.42 billion zone.  Is Cardano’s Bullish Momentum Building? Cardano’s Moving Average Convergence Divergence (MACD) line is settled above the signal line, indicating bullish momentum. The buying pressure is increasing, and the asset’s price may continue to move up, considered as a confirmation of an uptrend. Moreover, the Chaikin Money Flow (CMF) indicator found at 0.24 suggests strong buying pressure in the ADA market. The money is flowing into the asset, showing bullish sentiment. A value above 0 hints at strength, and above 0.20 is a sign of solid accumulation.  With the positive outlook, the price of Cardano could climb and test the key resistance at around $0.4665. The sturdy correction on the upside triggers the emergence of the golden cross, and the bulls may likely push the price above the $0.4678 mark.  Conversely, assuming the bearish reversal, the asset might immediately… The post Will Momentum Build for a Possible $0.60 Push? appeared on BitcoinEthereumNews.com. Cardano (ADA) is currently trading at the $0.46 zone. Its 24-hour trading volume has skyrocketed by 127%. A 2.98% spike in the crypto market has triggered the digital assets to trade on the upside. The majority of them are charted in green, attempting to gain momentum and climb to the recent highs. Yet, the broader market sentiment remains cautious, with the Fear and Greed Index value holding at 30.  Following suit, the notable altcoin, Cardano (ADA), has posted a steady rally of over 9.31%. In the early hours, the asset traded at a bottom range of $0.4246, and with the bullish encounter, the price mounted toward a high of $0.4829, after ADA had tested the crucial resistances between $0.4251 and $0.4824. According to the CoinMarketCap data, at the time of writing, Cardano trades at the $0.4652 mark, with its market cap reaching $16.68 billion. In addition, the daily trading volume of ADA has skyrocketed by over 127.62%, touching the $1.42 billion zone.  Is Cardano’s Bullish Momentum Building? Cardano’s Moving Average Convergence Divergence (MACD) line is settled above the signal line, indicating bullish momentum. The buying pressure is increasing, and the asset’s price may continue to move up, considered as a confirmation of an uptrend. Moreover, the Chaikin Money Flow (CMF) indicator found at 0.24 suggests strong buying pressure in the ADA market. The money is flowing into the asset, showing bullish sentiment. A value above 0 hints at strength, and above 0.20 is a sign of solid accumulation.  With the positive outlook, the price of Cardano could climb and test the key resistance at around $0.4665. The sturdy correction on the upside triggers the emergence of the golden cross, and the bulls may likely push the price above the $0.4678 mark.  Conversely, assuming the bearish reversal, the asset might immediately…