Cardano (ADA) Surges Past $0.40 Resistance, On Track to Reach 2022 Highs if Momentum Holds
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Cardano (ADA) price broke out above $0.40 resistance level for the first time since April 2022.
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ADA reached a high of $0.41, nearing its yearly high of $0.46. Price fell back but remains above key $0.35 support.
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Bullish indicators like rising RSI and hidden bullish divergence suggest upside momentum could continue.
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If $0.35 support holds, ADA could rally 20% to next resistance at $0.45 near yearly highs per bullish forecasts.
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However, failure to hold above $0.35 could result in a drop back towards $0.30 support.