In the past four hours, ADA/USDT (Cardano against Tether) has demonstrated modest upward movement, reflecting continued bullish momentum. Currently, ADA is trading at approximately $1.18, marking a 6% gain over the last 24 hours.
Market activity shows a steady rise in volume as ADA moves toward its next resistance level at $1.20. If it breaks through this level, analysts predict potential short-term targets around $1.35. On the downside, key support is seen at $1.10, where buying interest may re-emerge.
Technical indicators suggest a balanced outlook. Oscillators remain neutral, while moving averages lean slightly bullish. Over the past week, ADA has gained over 35%, continuing its strong performance in recent months.
This surge aligns with increased market optimism around Cardano's ongoing developments and broader crypto market trends. Investors should monitor volume and resistance levels for further signals of continuation or consolidation.$ADA