Cardano (ADA) has experienced a 22% surge in price over the last seven days, with a trading volume of $2 billion in the past 24 hours. This increase has been supported by positive technical indicators, including a golden cross and a sharp rise in the Average Directional Index (ADX), indicating strong trend momentum. However, there are concerns about the sustainability of the uptrend as ADA's recent price pullback raises questions. The $1.04 support level will play a critical role in determining whether the bullish momentum continues or a potential reversal occurs. The Ichimoku Cloud chart suggests a bullish setup if the current trend holds, but a break below support levels could indicate a reversal or further retracement. ADA's recent formation of a golden cross is a bullish signal that could lead to upward momentum, with resistance at $1.12. However, if the $1.04 support fails, ADA may experience a trend reversal, potentially falling to $0.949 and even $0.85.



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