The price of Cardano (ADA) has seen a significant surge of 195.11% in the last 30 days, indicating a strong bullish trend. However, key indicators such as ADX and EMA lines suggest that the current uptrend may be losing strength. ADA could still push towards resistance levels at $1.15 and potentially $1.20 if the uptrend regains momentum. However, a trend reversal could lead to a sharp correction, with prices potentially dropping to $0.51. The ADX, which measures the strength of a trend, has seen a notable drop from 60 to 24, indicating that the ADA uptrend is weakening and may enter a consolidation phase. The positive directional indicator (D+) still outweighs the negative one (D-), suggesting the uptrend is intact but weakening. The Ichimoku Cloud chart shows a relatively stable uptrend for ADA, with the price trading above the cloud, indicating bullish momentum. However, the narrowing gap between the Tenkan-Sen and Kijun-Sen suggests weakening momentum and a potential short-term pullback. The EMA lines remain bullish, but the narrowing gap between them suggests weakening bullish momentum. If ADA can regain strength, it could test resistance levels at $1.15 and $1.20. However, indicators like the Ichimoku Cloud and ADX hint at a possible trend reversal, which could lead to a sharp correction with a potential fall to $0.51.



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