Short-term bubble risk warning: Cardano’s bubble risk index has reached ‘2’, warning of an imminent price correction. Exceeding ‘1.5’ generally signals adjustments due to excessive market excitement. This makes the current reading concerning for traders.

Long-term bullish momentum: Despite short-term warnings, the overall trend still indicates bullish momentum for Cardano. The cryptocurrency market is often volatile, but ADA’s trend remains positive. This is the time to balance short-term caution and future optimism.

Surpassing 0.85 USD resistance: Monthly charts indicate the possibility of Cardano breaking the 0.85 USD resistance to turn it into support, potentially triggering a price surge. History shows that surpassing this level often leads to significant price movements.

ADA’s relation to Bitcoin: ADA is showing strength against Bitcoin. The ADA/BTC valuation chart indicates a significant recovery, affirming ADA’s strong market position. This index’s rise over time confirms investor confidence in ADA.