Cardano showed strong bullish intent on the price charts and appeared likely to rise to the $0.7 level after buying volume's trend reversal.
has exhibited a bullish market structure since the 8th of February, when prices convincingly breached the $0.524 resistance level.Alongside theA recent AMBCrypto explored how
surpassed the Polkadot network in this metric, which should instill long-term investors with confidence.Marked in cyan, the $0.558-$0.578 region represented a bearish order block on the 12-hour chart. A fair value gap at $0.554-$0.57 coincided with it.However, the bulls managed to break this resistance zone and drive. On top of that, the OBV, which had been trending downward since January, broke out of its slump.To the north, the $0.69 area was a high that ADA established in December 2023.
It is thus likely that the $0.68-$0.7 zone would be filled with sell orders, meaning that the buyers could have a hard time pushing above this resistance zone.
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