Cardano (ADA) is trading around $0.849 today, with a daily rise of nearly 1%. Market participants are closely following whether the key resistance level in the $0.85-$0.86 range can be broken.

In the past seven days, the market momentum of ADA has shown an upward trend, mainly due to two factors: first, the net inflow in the spot market has increased, and second, the short-term technical indicators are showing a bullish breakout.

Currently, traders are focused on whether ADA can break through the key level of $0.919. This level is not only the 50% Fibonacci retracement level but also an important resistance point of the downward trend line.

From a technical indicator perspective, the EMA moving average cluster on the 4-hour chart shows positive signals, with the 20-day EMA at $0.810, the 50-day EMA at $0.791, the 100-day EMA at $0.780, and the 200-day EMA at $0.760. This upward arrangement pattern is typically seen as a medium-term bullish signal.

The Relative Strength Index (RSI) 30-minute chart shows 60.14, which is in a neutral to bullish area, suggesting there is still room for a rise in the short term. The Directional Movement Index (DMI) also shows a bullish preference, with +DI at 28.65, above -DI's 19.69.

It is worth noting that the capital flow data on August 13 showed a net inflow of 1.45 million USD, reflecting an increasing confidence of investors in ADA.

In terms of support levels, $0.822 and $0.800 are two key levels to follow. On the upside, in addition to the recent $0.86 resistance level, $0.919 and $1.015 (the weekly 61.8% Fibonacci retracement level) are also important resistance points.

Overall, Cardano is currently in a critical price range, with a breakout above $0.86 potentially triggering a new round of rise, while falling below $0.822 could deepen the pullback. Investors should closely follow the changes at these key price levels and make judgments in conjunction with the overall market environment.