Cardano(ADA) Price Setting Up a Bullish Trend, May Surge More than 26% in the Next 10 Days!

Cardano‘s price in recent times is eyeing the target of around $0.7 after undergoing an upswing of nearly 40%. The asset recently broke out from a bullish pattern and hence preparing to reclaim the crucial resistance. While the consecutive delays in the Vasil Hard Fork appear to have created a hindrance to the ADA price rally, experts believe the asset is primed to reach $0.7 before the end of the monthly trade. 

ADA/USDT Price Analysis for the Long Term

• The ADA price in the long term is still swinging within a bearish descending triangle and hence carries the possibility of continuation of a bearish trend

• The asset is facing constant rejections at $0.55 and once these levels become weaker, then a strong upward push uplifts the price above the bearish captivity

• However, in the meantime, if the current descending trend continues the possibility of the asset visiting the lower support at $0.46 or $0.45

• The RSI is incremental while MACD is also pretty bullish, raising towards the upper bands. Therefore, a substantial upswing appears to be imminent