Cardano Mirrors 2020 Trends: Is a $4 to $6 Bullish Surge Possible?

Cardano struggles near $0.90 support, but RSI hints at potential price rebound. Increased trading volume signals investor activity despite bearish ADA price action. Breaking $1.10 resistance could mark bullish momentum for Cardano in 2024. Cardano (ADA) is mirroring its 2020 trends, prompting discussions about possible bullish targets between $4 and $6. Despite recent struggles, ADA’s historical patterns and technical indicators suggest a potential turnaround. At press time, Cardano trades at $0.9555 , reflecting a sharp 14.7% decline over the past 24 hours. This increased market activity, marked by a 104.94% spike in trading volume, highlights significant investor engagement during the sell-off. Key support and resistance levels, along with technical signals like RSI and MACD, will play a critical role in shaping ADA’s short-term trajectory. Steep Drop Raises Investor Caution Cardano has seen a steep drop from its recent high of $1.20 to $0.9555, due to strong selling pressure, significantly reducing its market capitalization and denting investor confidence. Source: Coinmarketcap Despite this bearish trend, the price could find immediate supp… The post Cardano Mirrors 2020 Trends: Is a $4 to $6 Bullish Surge Possible? appeared first on Coin Edition .