In the past 24 hours, Cardano (ADA) has experienced positive price action, rebounding along with the rest of the crypto market. The overall market is up 4.3%, leading to Cardano's price breaking above the $1 mark once again. This rebound comes shortly after Cardano reached a support zone around $0.92-$0.95. However, technical analysis shows that there is still a risk of a price crash in the short term. A 4-hour candlestick chart analysis suggests that Cardano may regain upward momentum and potentially reach recent highs near $1.10. To maintain this bullish outlook, Cardano needs to hold firmly above the support zone and the ascending trendline. If there is a decisive breakdown below these levels, it could lead to a deeper correction and a drop in price towards $0.85 or lower. Currently, Cardano is trading at $1.02, with a 2% increase in the past 24 hours.



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