Cardano (ADA) has surged by over 12% in the past week, surpassing $0.70 for the first time since March. Despite this, indicators suggest a weakening momentum. The BBTrend indicator has dropped to 7.55, signaling a cooling in price expansion. The Directional Movement Index (DMI) shows a significant decrease in trend strength, with the ADX at 17.14. Cardano's Exponential Moving Average (EMA) lines indicate an uptrend, but the price is testing a critical support level at $0.69. If this support is lost, downside targets are at $0.63 and $0.609. Conversely, a breakout above $0.746 could lead to a rally towards $0.77. The market is currently in a state of mixed momentum, with potential for sideways movement unless buyers or sellers take control. Traders should exercise caution and conduct thorough research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news