The overall cryptocurrency market is experiencing a surge in prices after the SEC announced plans to review and close pending cases. ADA, the native token of the Cardano blockchain, is gaining attention due to significant accumulation by whales. ADA has seen a price rally of over 7.5% in the past 24 hours and a 76% jump in trading volume. However, ADA is approaching a crucial trendline resistance level and there is uncertainty about whether it will experience a price reversal. If ADA breaches the trendline and closes above $1.15, there is potential for a 40% increase to reach $1.645. The RSI indicates there is still room for upside momentum.



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