In the past week, Cardano (ADA) has seen a significant increase of 22%, supported by a trading volume of $2 billion. The emergence of a golden cross, along with a HIGH ADX of 50.3, highlights robust upward momentum. These positive indicators suggest potential further gains for ADA.

ADA’s critical support at $1.04 plays a pivotal role in maintaining bullish momentum. Current resistance lies at $1.12, with higher targets at $1.18 and $1.24 should positive momentum continue. However, failing to maintain above $1.04 could signal potential reversal or consolidation for ADA’s price Movement.