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#July PPI Beats Expectations#
Cardano
rose by 19.8% over the week and is now approaching the $1.00 mark, demonstrating resilience amid other cryptocurrencies. This indicates investors' faith in its potential.
Despite a slight price correction, the Ichimoku Cloud indicator shows that the bullish momentum remains. If Cardano turns $0.92 into support, it could push the price towards the key resistance level of $1.00. However, if ADA fails to hold above $0.92, the token may drop to $0.85. Losing this support would nullify the bullish scenario and could lead to a bearish trend and further decline over the weekend.