Cardano (ADA) has demonstrated positive momentum, with its price fluctuating between $0.3958 and $0.4064 in the past 24 hours, marking a 1.5% increase. Currently trading at $0.4027, ADA is slightly below its recent peak, indicating short-term market optimism. Over the past week, Cardano has risen by 7%, and by 9.9% over the last 14 days, suggesting a gradual recovery. Technical analysis shows Cardano breaking through a key Fibonacci retracement resistance at $0.4037. If ADA continues its upward trend, the next significant resistance levels are at $0.4472 and $0.6067. In case of a pullback, support is expected around $0.2783. Recent liquidation data reveals $1.50 million in liquidations, predominantly from long positions, indicating traders' bullish sentiment. Disclaimer: This content is informational and not financial advice. Readers should conduct their own research before making investment decisions.