- Cardano’s bullish momentum suggests potential for continued price increases ahead.
- Support levels at $0.96 and $1.10 will be key for ADA’s short-term direction.
- Increased net inflows in January indicate fresh capital and renewed market optimism.
Cardano (ADA) is witnessing a notable price surge, with the token trading at $1.05 on January 3, 2025. In the last 24 hours, the coin has jumped by 13.03%, grabbing the attention of traders and investors. This price action has many wondering if Cardano is setting up for a bigger rally, perhaps similar to the strong gains seen in past cycles.
Technical Indicators Point to Continued Bullish Sentiment
ADA’s recent price action has been impressive, with the coin rising by 8.60% to hit $1.0443. This strong upward move comes with growing volume, a sure sign of increasing buying pressure.
The RSI is currently at 59.46, which indicates that while ADA is in bullish territory, it still has room to grow before reaching overbought conditions. A higher RSI might suggest a price correction, but right now, momentum is strong.
Moreover, the MACD line has crossed above the sig…
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