CARDANO ( $ADA ) PRICE PREDICTION
POSSIBLE BULLISH BREAKOUT
Cardano (ADA) may be on the verge of a significant price increase, potentially returning to its March highs, based on a bullish pattern on its 12-hour chart.
FALLING WEDGE PATTERN
The falling wedge pattern, which has been consolidating since March, could lead to a breakout if ADA paints three to four green candlesticks.
BULLISH INDICATORS
Additionally, the Cumulative Liquidation Level Delta and Relative Strength Index (RSI) indicators suggest a potential bull rally.
BEARISH INDICATORS
However, other indicators like MACD and Chaikin Money Flow (CMF) remain bearish, which may restrict price growth.
OUTLOOK
Overall, ADA's price increase over the last 24 hours and potential bullish pattern suggest a promising outlook for the cryptocurrency.
