"ADA Tests Resistance, MUTM Presale Surges: Bulls Eye $1.00, Early Investors Gain 300%"

Cardano (ADA) is currently trading at $0.61, having dropped 11.08% in the past 24 hours. The cryptocurrency is testing resistance near $0.63, forming an ascending triangle pattern that suggests potential upward momentum. Network activity shows increased engagement, with active addresses rising alongside price movements. If buying pressure holds, technical indicators hint at a possible push toward $0.90 or even $1.00. However, bears linger, with support levels at $0.5350 and $0.5150 acting as critical safety nets.

Meanwhile, Mutuum Finance (MUTM), a new decentralized finance project, has caught investor attention during its recently launched presale. Currently priced at $0.015 during the second phase of this presale, the token has raised $1,424,320.08 from 2,790 holders. This is despite only launching recently, with a launch target of $0.06 after 11 phases. Investors buying today could secure 300% returns.

Cardano’s recent price action reflects cautious optimism. Open Interest has risen 2.09%, and the long-short ratio sits at a neutral 0.92, indicating balanced trader sentiment. On-chain metrics reveal a 68.09% bid-ask volume ratio, suggesting accumulation by strategic investors. Hourly charts show active addresses climbing with price gains, reinforcing the idea of organic growth.

The ascending triangle pattern points to $0.63 as a decisive resistance level. A breakout could propel ADA toward $0.80, but failure risks a retreat to $0.5350. The 200-day EMA at $0.7301 provides long-term support, yet volatility remains a concern. Selling pressure near $0.720 highlights lingering skepticism, leaving ADA’s trajectory uncertain.

Mutuum Finance (MUTM) is rapidly progressing through its presale stages, attracting investors seeking early access to a decentralized lending platform. The project’s structured ecosystem includes peer-to-contract and peer-to-peer markets, allowing users to lend assets for passive income or borrow against collateral without liquidating holdings. A forthcoming overcollateralized stablecoin adds utility, designed to enhance borrowing efficiency