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Cardano(ADA) Price Setting Up a Bullish Trend, May Surge More than 26% in the Next 10 Days!

4 Aug, 20221 min readAltcoins
Cardano(ADA) Price Setting Up a Bullish Trend, May Surge More than 26% in the Next 10 Days!

Cardano‘s price in recent times is eyeing the target of around $0.7 after undergoing an upswing of nearly 40%. The asset recently broke out from a bullish pattern and hence preparing to reclaim the crucial resistance. While the consecutive delays in the Vasil Hard Fork appear to have created a hindrance to the ADA price rally, experts believe the asset is primed to reach $0.7 before the end of the monthly trade.

ADA/USDT Price Analysis for the Long Term

  • The ADA price in the long term is still swinging within a bearish descending triangle and hence carries the possibility of continuation of a bearish trend
  • The asset is facing constant rejections at $0.55 and once these levels become weaker, then a strong upward push uplifts the price above the bearish captivity
  • However, in the meantime, if the current descending trend continues the possibility of the asset visiting the lower support at $0.46 or $0.45
  • The RSI is incremental while MACD is also pretty bullish, raising towards the upper bands. Therefore, a substantial upswing appears to be imminent
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