Cardano (ADA) Price Hits 41% Weekly Growth, $1 Target in Sight | Airdrop Alert Pro

Cardano (ADA) price has surged 41.89% in the past seven days, indicating strong bullish momentum in the market. The uptrend remains strong, supported by key technical indicators such as the ADX and Ichimoku Cloud, which point to continued positive sentiment.

However, signs of consolidation and narrowing gaps in short-term indicators suggest the rally may face challenges if buying pressure weakens.

ADA’s current uptrend remains strong

cardano The DMI chart shows ADX at 42.7, indicating a strong trend. The indicator has remained above 40 since November 7. Such high ADX values ​​confirm ADA continues its upward trendindicating strong momentum behind recent price movements.

With the Positive Index (D+) at 21.3 and the Negative Index (D-) at 11, bullish pressure continues to outweigh bearish activity, further supporting the upward trajectory.

ADX measures the strength of a trend without regard to its direction. Values ​​above 25 indicate a strong trend, while values ​​below 20 indicate a weak or non-existent trend. With an ADX of 42.7, ADA is clearly in a strong uptrend, showing tremendous market confidence.

The gap between D+ and D- reinforces bullish dominance, indicating ADA price If the current situation persists, its upward trend is likely to be maintained.

Cardano Ichimoku Cloud Shows an Important Signal

Ichimoku Cloud Atlas cardano Indicating an overall bullish trend, as the price remains above Cloud (Kumo). Tenkan-sen (blue line) and Kijun-sen (red line) are relatively flat and showing signs of consolidation after ADA’s recent rise.

While price remains above these lines, the narrowing gap between price and the turning lines suggests that short-term momentum is waning.

Green clouds ahead indicate potential support ADA UptrendBut the current consolidation phase highlights the need for sustained buying pressure to maintain the momentum.

If the price falls below the Kijun-sen or approaches the cloud line, it could signal a possible shift to bearish sentiment.

ADA Price Prediction: Will it hit $1 in November?

If Cardano (ADA) maintains a strong uptrend, it may test the $0.85 resistance. A break above this level could pave the way for further gains, potentially reaching the $1 threshold, marking a 20% rise from current levels and reaching a top price. cardano From April 2022.

However, as the Ichimoku chart shows, a potential reversal may be coming. If bearish momentum takes over, ADA price It may face significant downward pressure and could fall to $0.51.

If this support fails, the price could fall further to $0.32, which would represent a massive 59% retracement. This highlights the importance of current support and resistance levels in determining ADA’s next direction.