Cardano Tests Key Resistance as Mutuum Finance Emerges

Cardano (ADA) is currently testing critical resistance levels near $0.83, showing signs of recovery after recent market turbulence. The cryptocurrency has formed an ascending triangle pattern, signaling potential upward momentum as trading volume fluctuates and network activity climbs. Analysts note increased Open Interest (+2.09%) and a neutral long-short ratio (0.92), reflecting balanced trader sentiment.

While technical indicators hint at a possible rally toward $0.90, selling pressure near $0.720 and key support levels at $0.5350 keep the outlook uncertain. Amid this volatility, attention is shifting to Mutuum Finance (MUTM), a decentralized lending platform currently priced at $0.015 during its presale. With a 300% return expected at launch and post-launch targets reaching up to $6 in 2025, MUTM is emerging as a high-potential altcoin in the crypto market.

Cardano trades at $0.6809, down 8.08% in 24 hours, as buyers test the $0.83 resistance level. The ascending triangle formation points to gradual accumulation, with higher lows suggesting growing confidence among investors. A breakout above $0.83 could open a path to $0.90. Although failure to hold support at $0.7350 risks a slide toward $0.7150.

The 200-day EMA ($0.7301) and SMA ($0.6547) underscore longer-term stability. However, short-term price action remains tightly linked to broader market trends. Active addresses on the network have risen alongside price movements, signaling renewed participation. Despite these bullish signals, Cardano’s path to reclaiming its $3.10 all-time high appears distant, requiring sustained momentum and broader market recovery.

Mutuum Finance (MUTM) has entered the second phase of its presale, attracting $1,424,320.08 from 2,790 holders. The token is priced at $0.015 and offers a structured entry point for investors seeking early-stage opportunities. The presale model guarantees a 300% return at launch, with MUTM expected to list at $0.