Price forecast for $ADA : continuation of the rally
On the daily chart, the Aroon Up line for ADA is at 100%. The Aroon indicator shows the strength and direction of the trend. Reaching the Aroon Up line at the 100% mark indicates a strong upward trend, suggesting a recent peak and possible continuation of growth.
If the trend continues and demand for the altcoin continues to rise, Cardano has a chance to approach $1.24.
However, active profit-taking may lead to ADA testing support at $1. If this level does not hold, the asset will be waiting for a drop to $0.85.
