Cardano (ADA) has surpassed the 100-day Simple Moving Average (SMA), indicating a potential shift in momentum and sparking bullish optimism in the market. This breakout reflects increased buyer interest and sets the stage for a rally towards the $1.26 resistance level. However, the bulls will face challenges from resistance levels and overall market conditions. The Relative Strength Index (RSI) suggests strong price momentum and bullish sentiment, but caution is advised as unexpected changes in sentiment could lead to a pullback. Overall, breaking the 100-day SMA is a positive milestone for Cardano, but maintaining upward momentum is crucial for a long-term trend reversal.



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