Bloomberg: ADA could extend rally to $1.26 after 22% in the past 24 hours ADA’s 24% surge sparked over $12 million in liquidations, with liquidated long and short positions accounting for $3.79 million and $8.60 million, respectively. ADA could rally nearly 30% above the $1 mark toward $1.263 after smashing the $0.908 resistance level of April 2022.

ADA/USDT weekly chart However, the Relative Strength Index (RSI) is in the oversold region at 80, indicating that ADA could see a potential price correction soon. The Awesome Oscillator has crossed above the neutral level for the first time since April, indicating rising bullish momentum. A daily candlestick close below $0.683 will invalidate the bullish thesis.