Core Viewpoint - Cardano's price has increased nearly 21% over the past week and around 7% in the last 24 hours, indicating strong performance among large-cap cryptocurrencies. However, momentum indicators suggest a potential cooling phase, leading to a range-bound market before the next directional move [1]. Price Movement and Trends - Cardano is trading within a rising trend structure on the 12-hour chart, with a bullish signal from a potential exponential moving average (EMA) crossover between the 20-period and 50-period EMAs [2]. - The mid-term trend for Cardano remains bullish, supported by the EMA setup, but momentum indicators indicate a slowing trend [3]. Momentum Indicators - A hidden bearish divergence is noted, where Cardano's price trended lower while the Relative Strength Index (RSI) trended higher, suggesting slowing momentum rather than a trend reversal [4]. - If the next price candle forms below $0.43, it would confirm a lower-high price formation, increasing the risk of a pullback [5]. On-Chain Data Insights - On-chain data indicates that a significant pullback is unlikely, as the movement of coins shows holders are not panicking. The Spent Coins Age Bands indicate a decrease in spending among both short-term and long-term holders [6]. - Short-term ADA holders (7–30 days) saw a sharp decline in spending from approximately 58.7 million ADA to 4.1 million ADA, an 87% drop, while very long-term holders (2–3 years) decreased from about 3 million ADA to 382,000 ADA, a 93% decline [7]. - This data suggests that both short-term traders and long-term investors are exercising patience, with no signs of panic selling or aggressive profit-taking following the recent rally [8].