Cardano (ADA) price is up by 4% in the last 24 hours, nearing the 1 USD mark, despite a 12% drop over the past week. ADX level at 33.7 confirms weakening of the downtrend, though bullish momentum is yet to solidify. Overhead resistance near the Ichimoku Cloud remains a concern for traders.

Cardano’s Ichimoku Cloud and EMA indicators show a bearish setup, although signs of trend reversal are starting to appear with sustained upward Movement. The crucial support stands at approximately 0.90 USD; maintaining this level is essential or further declines might follow if it fails. The price action indicates a period of uncertainty for traders.