Potential Surge Ahead: ADA's Outlook Beyond $0.7

Although ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68.

With Bitcoin's bullish trend, ADA 's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.

Conversely, ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.