Cardano (ADAUSD) rose slightly in its latest intraday trading, supported by continued movement above its 50-day simple moving average, which provides dynamic support. The cryptocurrency remains under the influence of a short-term corrective bullish wave, trading along an upward trend line. Moreover, the price has successfully unwound previous overbought conditions on the RSI, giving it more room to extend gains in the coming sessions.

Therefore, we expect the cryptocurrency to rise in upcoming trading, as long as support holds at 0.8277, targeting the key resistance level of 0.8929.

Todays price forecast: Bullish.