Cardano (ADA) might be on the verge of a rebound after its recent price drop. Crypto analyst Trend Rinder suggests that the current pullback could be a chance for ADA to bounce back and move higher. Rinder notes that after a significant price increase, ADA fell to liquidate long positions but might now be setting up for a healthier rise.
Rinder observed that ADAâs current movement is similar to a previous scenario where the price found support at lower levels and then increased. Indicators from Binance show that ADA has retraced but might soon signal a bullish reversal.
