Cardano (ADA) experienced a surge of 25% in the past week, breaking above a key resistance level. However, the rally has since stalled and ADA's price has consolidated within a narrow range. Consolidation suggests indecision in the market and could precede a significant price movement. Technical indicators, such as the Aroon Up line and negative weighted sentiment, indicate a bearish outlook for ADA. The growing bearish bias could push the price towards the $1.05 support zone, and a failure to defend this level could result in a drop below $1. On the other hand, if market sentiment becomes bullish, ADA could break above the $1.11 resistance level and reclaim its two-year high of $1.32.



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