Maintaining Support, Price Surge, and Potential Growth

ADA has successfully maintained the lower boundary of its short-term ascending channel, leading to a significant price increase within the specified resistance levels. This upward movement exhibited rapid and substantial gains within a single daily candle. However, the resistance at the $0.38 range triggered a strong negative reaction, causing Cardano's price to decline to the $0.32 support level. Remarkably, the demand for Cardano surged once again in this area. These developments indicate that Cardano is now operating within a broader range trend, demonstrating positive and bullish momentum in shorter time frames.

Upon analyzing the chart's resistance and support levels, two key support levels have been identified for Cardano at $0.32 and $0.30. By effectively maintaining these support levels, Cardano has the potential for further growth and a more comprehensive approach towards the $0.38 resistance level.