Cardano (ADA) has experienced a 22% price increase in the past week, breaking above a symmetrical triangle pattern and surpassing the $1 resistance level. This surge in price indicates growing demand for ADA, leading to the potential for further rally in the short term. The breakout from the symmetrical triangle pattern suggests a positive shift in sentiment, with buying pressure outweighing selling activity. The coin's Relative Strength Index (RSI) and Elder-Ray Index also support this bullish outlook. If ADA successfully retests the breakout line, the $1.03 resistance level could become a support level, potentially pushing ADA towards its 30-day high of $1.34. However, a failed retest could cause ADA's price to fall back within the symmetrical triangle to $0.94.



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