#CryptoReboundStrategy The Cardano cryptocurrency (ADA) is rising along with the overall cryptocurrency market, with the token trading at $1.06 on January 4, 2025. The token's weekly growth rate was 22.6%.

The price rise was accompanied by rising volume, which is a sure sign of increasing buying pressure.

Currently, the RSI stands at 59.46, indicating that ADA is in bullish territory and the token still has upside potential. A higher RSI value could indicate a subsequent price correction.

The MACD line has crossed above the signal line, confirming the bullish trend. Positive histogram bars support the idea that the uptrend will continue. With these strong indicators, the short-term outlook for ADA is positive, with potential for further price gains.

Key support and resistance levels will be crucial for the future dynamics of ADA. On the other hand, the $0.96 level is a strong support level from which the price bounced before the last spike. If the bearish pressure intensifies, the $0.88 and $0.80 levels could be tested during the fall.

On the other hand, the $1.10 mark is immediate resistance followed by a stronger barrier at $1.20, which could limit further upside. If ADA breaks through it, the next resistance zone can be found around $1.30.

Throughout 2024, the ADA price has had periods of stability with low volumes of inflows and outflows.

However, from late November through December there was a spike in outflows, indicating profit taking and possible liquidations. This occurred against the backdrop of a sharp rise in prices.