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Can Cardano (ADA) Ride the 18% Wave to Hit $1?

  • Cardano (ADA) has surged over 18% and is currently trading at $0.7462 with a market cap of $26.30 billion.
  • ADA's daily trading volume has increased by over 115%, reaching $2.16 billion, and there has been a $6.33 million Cardano liquidation in the last 24 hours.
  • Technical indicators like MACD and CMF suggest a bullish momentum for ADA, although the asset is in an extremely overbought condition with an RSI of 91.56.
  • The four-hour price chart indicates a bullish outlook with potential resistance at $0.7468 and a support level around $0.7454, with possibilities of further gains or a downward correction.

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