On April 8th big players stepped in as can be seen on this chart with the cyan blue colored bar. There was an incredible amount of volume but the range of the bar was small. This is known as "high churn".
Price continued to stay above 1.18 and on April 12th a buy climax volume bar printed (blue bar on chart) with a high of 1.345. Three buy climax bars followed one of which put in a new all time high. Four climax bars in a row is a strong indication that we are going to see higher prices. Somewhere between a 65%-80% chance price will put in a new high.
April 16th bar was a bullish bar and there is no indication yet that price is selling off or correcting. Price will have to go below the low of the April 13th and/or April 12th bar to change the probabilities in the favor of the sellers and move price back down to support levels around 1.16 or 1.05.
We'll see what the next bar brings!
Note: I am currently long Cardano and I went long around April 9th.