Is Cardano dead? Will the ADA price not reach $1 in 2024?

As seen in the chart, the ADA price is again testing the multi-year descending trend line, which has been acting as a strong resistance. The Bollinger bands and DMI levels go parallel to each other, suggesting less activity of bulls & bears. However, the MACD has shown some bullish possibilities as the levels are close to undergoing a bullish crossover as the selling pressure has dropped. If these levels enter the positive range, the price may gain $0.75, and a sustained jump could trigger a fine ascending trend.

Hence, the Cardano (ADA) price rally may be slightly slower than others, but still, it cannot be considered dead, as a massive move is incoming.$ADA