Forecast $ADA : possible correction at 49% The EMA lines for Cardano remain bullish as the short-term lines are above the long-term ones. This indicates a continuing upward trend.
However, the narrowing gap between the lines suggests a weakening bullish momentum. The trend may lose strength if buyers do not support it.
If Cardano starts to rise again, it could reach resistance at $1.15 and rise to $1.20. This would be the highest since March 2022.
However, indicators such as the Ichimoku cloud and ADX suggest a possible reversal. If the upward trend breaks, the price could sharply drop to $0.51, down 49% from current levels.
