Everyone is concerned about where Cardano (ADA) will rise next. According to technical analysis, the next target price is around $1.03 and $1.20, which also aligns with the key resistance zone from November to December 2024. If ADA can maintain its upward momentum, there is still more to look forward to in this rally!

Looking at the short-term trend, the 4-hour and 2-hour charts show that ADA is now firmly positioned around $0.78. This price level was previously a resistance line, but has now successfully transformed into support, indicating strong bullish momentum and a bullish outlook.

Additionally, the Money Flow Index (MFI) and the Chaikin Money Flow (CMF) both support active buying in the short term. As long as the price can hold above $0.755, it is a good buying opportunity, and everyone should pay close attention to this rebound. In simple terms, Cardano is currently in good shape and is expected to continue climbing in the short term!