#Cardano $ADA Surges Past $1 for the First Time in 2 Years

ADA has rallied 24% in 24 hours, now trading at $1.09, its highest since April 2022, with trading volume soaring 131%. With

strong buying pressure, the rally may continue.

Key Highlights:

*/ Holders in Profit: 71% of ADA holders, or 3.15M addresses,

are now in profit. However, 16% (715K addresses) remain at a

loss, having bought above $1.40.

*/ Long-Term Holder Activity: A spike in ADA’s age-consumed

metric suggests some long-term holders are taking profits,

signaling a possible sentiment shift. Yet, new buyers are

supporting the rally.

Price Outlook:

Bullish: ADA could climb to $1.24 if momentum continues, as

indicated by a 100% Aroon Up Line on the daily chart.

Bearish: Profit-taking may test support at $1. A drop below this

level risks pushing prices to $0.85.

Will ADA sustain this rally or face a pullback?

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