Cardano's ADA has experienced a 12% surge over the past three days, approaching a critical resistance level at $0.92. This upward momentum is driven by a decrease in selloffs from short-term holders and heightened market demand. On-chain data indicates a decline in ADA's Spent Coins Age Band (30d–60d), reflecting reduced selling pressure. Additionally, the Chaikin Money Flow (CMF) indicator shows a strong upward trend, signaling increased buying activity. A successful breakout above $0.92 could propel ADA's price to $0.98, while a bearish reversal might lead to a decline to $0.84.