The price of Cardano (ADA) has seen a significant increase, rising by over 10%. The hourly chart shows that ADA is approaching a local resistance level of $0.8484. If the bulls can hold this level and the daily bar closes around it, further growth to the $0.90 range is possible. Traders should also pay attention to the candle's closure at the $0.8193 level for potential upward movement towards the $0.90-$0.95 area. In the midterm, there are no reversal signals yet, but waiting for the weekly bar to close is advised. If it closes around the current prices, there is a chance of testing the important $1 zone. At the time of writing, ADA is trading at $0.8224.



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