ADA Price Reaches Key Juncture – Can Cardano Start A Fresh Surge?

Cardano (ADA) is correcting gains from the $0.642 resistance zone. ADA could start a fresh rally if it stays above the $0.5550 support zone.ADA price is showing a few bearish signs below the $0.600 level.
The price is trading above $0.5550 and the 100 simple moving average (4 hours).
There was a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
The pair could attempt a fresh increase if the bulls remain active above the