Cardano’s Hopeful Rise: Surging From June Lows and Bouncing at Key Support

Cardano (ADA) is experiencing a surge from its June lows and a bounce at a key support, the 21-day moving average, at $0.28. What’s causing this increase in the cryptocurrency? ADA’s Ascending Indications! The bounce, coming with a sigh of relief following less alarming U.S. employment numbers than the crypto markets feared, is keeping hopes alive for an ascending triangle pattern in ADA. This pattern tends to form before a bullish momentum. Even as the broader crypto market pulls back, ADA remains approximately 7% below its psychologically significant previous weekly high levels around the $0.30 region. So, is it time to buy the dip? Because Cardano is still in the process of forming a short-term technical structure, bulls remain optimistic, and short-term price predictions are consequently bullish. If ADA can break above the resistance in the $0.30 region, it may open the door to a swift recovery towards the 200DMA […] The post Cardano’s Hopeful Rise: Surging From June Lows and Bouncing at Key Support appeared first on COINTURK NEWS.