The native token of the Cardano blockchain, ADA, is showing signs of continued upward momentum. It has formed a bullish price action pattern and is currently consolidating near the resistance level of $1.25. If ADA breaks this pattern and closes above $1.25, it could potentially rise by 30% to $1.63. The Relative Strength Index (RSI) indicates that ADA still has room to rally. Additionally, there has been a significant outflow of ADA from exchanges, suggesting investor and whale interest. This combination of technical analysis and on-chain metrics suggests that ADA may be poised for further gains. Currently, ADA is trading near $1.22 with a 1.5% price gain in the past 24 hours but lower trading volume compared to the previous day.



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