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Cardano (ADA) is showing signs of strength, currently trading around $0.38 after a 4.8% increase in the last 24 hours. The TD Sequential indicator has flashed buy signals, suggesting that ADA may be approaching the end of its bearish phase. With resistance levels at $0.44 (SMA 50) and $0.54 (SMA 200), the next few days will be crucial in determining whether ADA can sustain its upward momentum. If the bulls push the price beyond these key levels, a rally toward $0.68 is possible, marking a significant rebound.

ADA has faced stiff resistance in recent weeks, but on-chain data shows increasing activity on the network. Cardano’s DeFi ecosystem continues to expand, and new partnerships are being formed, which may provide additional support for the token’s long-term value. Market sentiment has been improving, and analysts are optimistic that ADA could break out of its consolidation phase if it sustains its current momentum.

Investors are keeping a close eye on ADA’s ability to break through its current resistance. A failure to do so could see the token testing support levels around $0.35, but the general outlook remains positive given the growing interest in Cardano’s ecosystem and the wider crypto market’s recovery. ADA’s movement over the next few days will be pivotal in determining whether it can capitalize on the current bullish signals.



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