The writer's opinion presented in the following information is not financial, investment, trading, or other types of advice. Cardano has a strong bullish sentiment in the lower timeframes, and the daily chart is also bullish. Cardano has clung to the $0.3 support over the past ten days, but it remains to be seen if the buyers can maintain their momentum.

The network has witnessed a surge in development activity, and the on-chain metrics are positive. The RSI shows bullish momentum rising, but the OBV highlights a lack of buyers. The Open Interest and CVD show buying pressure and bullish sentiment behind Cardano, and Cardano buyers can expect further gains.