Cardano has made its move once the 40 cent horizontal level was broken.
If you look closer into less known indicators, the September-October period already showed signs of a reversal and breakout: the TD 13 on 10-day (while holding the 24 cent floor) and the close above the 2:1 descending Gann angle.
Now... we are inside the cloud, stretching the Bollinger and already hit the 0.702 OTE zone from 1.02 which I consider to be another important horizontal level. Might even go as far as to call it ADA's bull/bear line.
The future? Hold 52 on correction and we should see 74 and 86 cent as well. Perhaps we could reach these levels without a correction.
Personally I'd go with 1% portfolio for the trade right now and keep another 1% for the 55~52 zone to re-enter. Targets 0.74 and 0.86 as mentioned. Stop loss 0.49 if the psychological half a dollar gets rekt.