Cardano (ADA) soars 157%, will it continue to rise in the future?

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Cardano (ADA) has performed strongly recently, rising 157% in the past month to reach a high of $1.20. Currently, ADA is consolidating between $1.07 and $1.14, and technical analysis indicates it is poised for a breakout. The Relative Strength Index (RSI) is at 52, suggesting there is still room for upward movement.

Key resistance levels are at $1.14 and $1.63, while support is around $1.07. Whale activity has significantly increased, with trading volume exceeding $80 million in the past 48 hours, which may indicate future price volatility.

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