📉 ADA Faces Resistance at $1
Cardano [ $ADA ] has been volatile recently, facing rejection at the $1 psychological resistance. This dip could be an opportunity for bullish investors to capitalize on future upward momentum.

📊 Key Levels and Weekly Analysis
The weekly chart shows ADA’s bullish strength, with $0.787 breached and now acting as support. However, $1 remains a challenge, with $1.04-$1.14 and $1.246 acting as upcoming resistance levels. Momentum indicators like the Awesome Oscillator and CMF signal strong capital inflows.

📈 Daily Range Formation
ADA is trading within a range from $0.84 to $1.12, with $0.98 as the mid-point. Recent rejection at the mid-range level suggests a drop toward $0.84 or even $0.78. The CMF (-0.17) and a bearish Awesome Oscillator crossover reinforce the likelihood of short-term selling pressure.

🔎 Short-Term Sentiment: Bearish
Lower timeframes reveal bearish sentiment, with Open Interest declining over the last 36 hours and spot CVD showing slight recovery. This indicates caution in speculative markets but hints at potential recovery soon.

📌 Buying Opportunities and Long-Term Outlook
For long-term investors, a dip to $0.84 or $0.78 could present a solid buying opportunity. If ADA breaks $1.246 in the coming months, it could signal a powerful bullish rally. Stay patient and watch for key levels!