Cardano (ADA) has climbed above a crucial moving average, indicating potential for further gains. ADA is currently trading at $0.2709, marking a 1.27% increase over the past 24 hours after rebounding from an intraday low near $0.258-$0.260. The cryptocurrency has shown improved buying strength, reclaiming the $0.2666 level and extending gains towards $0.271. The 4-hour chart reveals bullish momentum as ADA surpassed the 9-period EMA, which is now acting as a dynamic support level at $0.2658. This shift suggests buyer control, with the next resistance zone around $0.272-$0.276. On the downside, support is seen near $0.268, with potential pullbacks to $0.260. Liquidation data shows limited stress, with recent moves catching bearish traders offside, as evidenced by significant short liquidations.