Cardano (ADA) is currently trading within a price range of $0.75 and $1.3, with recent price action showing a successful pullback to the $0.75 support level. The outcome of a breakout from this range will determine the next significant market direction. A bullish breakout above $1.3 could signal a sustained uptrend, while a bearish breakdown below $0.75 may result in a significant drop in price. In the shorter timeframe, Cardano is in a descending wedge pattern, with the lower boundary near the $0.75 support zone. A bullish breakout from this pattern could lead to a move towards the $1.3 resistance, while a bearish breakdown could result in a decline to the next support level at $0.5.



Other News from Today