Despite a notable 100% rally in the past few days, Cardano [ADA] remains bullish and is poised for another 30% rally in the coming days.
has gained nearly 100% in the past few days. It is now poised to continue this rally due to its bullish price action pattern.
Cardano is among the assets poised to continue its upward rally. The potential reasons for this bullish outlook include the current market sentiment, increasing large transaction volume, and bullish price action patterns.According to AMBCrypto’s technical analysis, ADA was facing a strong resistance near $0.77 at press time, and was attempting to breach this hurdle.
Meanwhile, the altcoin’s Relative Strength Index was in overbought territory, which could suggest a potential price correction or decline.
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