ADA Price Could Climb to $1.24: Support Levels in Focus | Airdrop Alert Pro

Cardano (ADA) price has surged 22% in the past seven days, with trading volume reaching $2 billion in the past 24 hours. This strong performance was supported by bullish technical indicators, including a golden cross and a sharp rise in the ADX, reflecting strong trend momentum.

However, ADA’s recent price pullback has raised concerns about whether the upward trend can be sustained. With support at $1.04 becoming critical, ADA’s ability to hold this support will determine whether the bullish momentum continues or a potential reversal develops.

ADA ADX confirms strong uptrend

Between January 1st and 4th, Cardano’s price surged from $0.85 to $1.06, while ADX surged from 11.8 to 50.3.

ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100. Values ​​above 25 indicate a strong trend, while readings below 20 indicate weak or lack of trend momentum. ADA ADX sits at 50.3, highlighting a very strong trend and reinforcing the bullish momentum during the price surge.

However, despite strong ADX readings, the price of ADA has pulled back slightly recently, raising questions about the sustainability of the uptrend. While the EMA lines remain bullish, indicating that the overall trend remains in favor of upward movement, the recent price decline could indicate a pause or potential consolidation phase.

for cardano price To maintain its momentum, buyers must regain control to push the price higher, otherwise the strength of the trend indicated by the ADX may weaken if selling pressure increases.

Ichimoku cloud shows bullish pattern

Ichimoku Cloud Atlas Cardano The price recently showed a bullish pattern after breaking above the red cloud. The green cloud ahead, formed by the rising Senkou Span A and Senkou Span B, indicates continued bullish sentiment, indicating the potential for further gains if the current trend continues.

Additionally, the blue Tenkan-sen (conversion line) remains above the orange Kijun-sen (baseline), confirming that short-term momentum outweighs the long-term trend.

However, the recent price pullback from highs could signal a period of consolidation or reduced buying pressure. for ADA To maintain bullish momentum, it must remain above the support provided by Yun and Kijun-sen. A break below these levels could signal a potential reversal or further pullback. 1

ADA Price Prediction: Support at $1.04 is Fundamentals

cardano price A golden cross formed on January 3, with the short-term EMA line crossing the long-term moving average – a bullish signal that usually precedes upward momentum. If this momentum continues, ADA price A rise is likely to test resistance at $1.12.

A break above this level could pave the way for further gains, with targets at $1.18 and $1.24, representing potential 16.9% growth.

However, while the EMA line remains bullish, recent price action suggests ADA price May face a correction. If it fails to hold the $1.04 support, ADA may experience a trend reversal, pushing the price towards $0.949. If ADA tests the $0.85 level, further declines are likely.