Cardano (ADA) experienced a significant surge in price after being included in the US crypto reserve, pushing its price above $1.10. This led to a strong bullish momentum, confirmed by key indicators such as BBTrend and DMI. However, the excitement has faded, and ADA has since corrected below $1, with technical signals suggesting increasing selling pressure. The BBTrend indicator has reversed and plunged back to a negative reading, indicating weakening bullish momentum. ADA could now face a period of retracement or consolidation. The DMI also shows that while the trend remains strong, bullish dominance is fading, and selling pressure is increasing. The possibility of a deeper retracement exists if ADA fails to maintain its current levels. However, if bullish momentum reignites, ADA could test higher resistance levels. The next move will depend on how traders react to the recent price surge and the balance between buying and selling pressure.



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