On-chain growth, a surge in DeFi use and positive technical outlook could back a breakout in ADA price.
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On-chain growth, a surge in DeFi use and positive technical outlook could back a breakout in ADA price.
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The so-called “Alonzo” upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain.
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The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3.
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The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit.
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Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%.
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