Cardano (ADA) has surpassed the $1 mark, climbing above it with a surge of over 11% in the past 24 hours. This increase outpaced the performances of other top cryptocurrencies. The price jump seems to be driven by technical factors, although Cardano's roadmap and forthcoming protocol enhancements also contribute to broader optimism about the network's evolution. ADA broke out of a downward trendline on January 1 and has since seen support from Fibonacci retracement levels. The moving averages and volume picture also support the bullish scenario. However, the Relative Strength Index (RSI) suggests the possibility of a short-term pullback.



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