Bears tried to halt Cardano’s (ADA) rally at the 50-day SMA ($0.38), but bulls surpassed it on Aug. 26. Closing above this level could lead to a rise towards the downtrend line, signaling a potential end to the downtrend and a possible rally to $0.52.

Conversely, if the price declines from here or the downtrend line, it suggests continued selling by bears, potentially pulling the price back to the 20-day EMA ($0.35), a crucial support level for the bulls.