Cardano (ADA) has faced challenges in the wake of the SEC’s scrutiny, but the token is showing resilience and signs of a potential summer breakout.
With ADA’s recent recovery and bullish sentiment among investors, the token’s price chart reveals intriguing patterns, including the Power of Three, which could indicate a trend reversal.
If all factors align, Cardano has the potential to surpass the $1 milestone, representing a substantial surge from current levels.
Meanwhile, Cardano’s DeFi ecosystem continues to thrive, with impressive growth and TVL (Total Value Locked) in ADA.
Despite the setback caused by the SEC’s classification, Cardano has steadily regained value and is currently trading at $0.29, showing strength and resilience.
On-chain, derivatives, and exchanges data suggest a predominantly bullish sentiment among investors, with whales re-entering the market and increased large transactions on the network, indicating a possible trend reversal.
https://optimisus.com/news/crypto-news/cardano-gears-up-for-a-summer-breakout-will-ada-hit-1-soon/
