ADA’s Triangle Tactics: Can it break through the $0.840 resistance?

Cardano (ADA) trades near $0.836, consolidating above key support at $0.829. Analysts are watching a breakout at the $0.840 resistance level, which may signal a price increase to $0.865-0.880. Technical indicators show bullish momentum, with RSI at 55,200-day moving average (EMA) at $0.829. The stockpiling of whales and expectations of grayscale ADA ETF deadlines may exacerbate volatility. The ADA's governance escalation and macroeconomic positive factors, including the possible rate cut of the Federal Reserve, have laid the foundation for its potential upside.