$ADA on the Move – Bullish Momentum Building?

Cardano (ADA) is showing a healthy bounce back today, up +3.23% and trading at $0.6334. After dipping as low as $0.5946, bulls have taken the reins, pushing ADA near its 24h high of $0.6349.

The 4H chart tells a compelling story — ADA has broken its downward trend with multiple strong green candles and rising volume. Despite a rough 90-day performance (-39.98%), ADA still boasts a +76.19% gain over the last 6 months and +41.92% over the past year.

The sentiment is shifting, and this might just be the early stages of a breakout. A push above the $0.6687 resistance level could confirm the bullish reversal.

With 56.26% of the order book currently on the sell side, we might just be gearing up for a classic squeeze.

Will ADA reclaim $0.70 soon, or is this another fakeout?

Drop your thoughts below!

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