Cardano (ADA) has experienced a surge in price, increasing over 60% and consolidating near the $1.050 support zone. After finding support near the $0.580 zone, ADA started a fresh surge following an announcement from former President Donald Trump regarding a crypto reserve. The price of ADA has surpassed key resistance levels, reaching a high of $1.1577 before undergoing a minor decline. Currently, ADA is trading above $1.00 and the 100-hourly simple moving average. If the price manages to close above the $1.150 resistance level, it could continue to rally towards the $1.220 and $1.250 regions. However, failure to climb above this level may result in a decline, with immediate support near the $1.040 level. The next major support levels are located at $1.00 and $0.90. Technical indicators suggest bullish momentum, with the MACD in the bullish zone and the RSI above 50.



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