Cardano (ADA) has risen by more than 7% in the last 24 hours, surpassing the $1 level. The current price movement suggests that ADA may be in a potential Wave 4, with support expected between $0.85 and $0.60. The most critical support level to watch is around $0.702. Despite a recent pullback, ADA still has bullish potential as the pullback was in three waves instead of five, leaving room for an upward move. Key Fibonacci support levels have been reached and ADA is now testing resistance levels. Resistance levels to watch are between $1.14 and $1.12, with another level at $1.87. Breaking these resistance levels could indicate the start of a bullish trend. Traders are advised to consider moving their stop-loss to break-even if holding positions from the Fibonacci support zone. Potential support levels to watch are $0.85 and $0.77 if the price declines.



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