Exploring the Possibility of a 40% Price Upswing for Cardano

2022.05.20 16:06

Exploring the Possibility of a 40% Price Upswing for Cardano

• Cardano’s (ADA) price is currently in a position favorable for the bulls and more short-term traders.
• Currently, Cardano’s price set a range between $0.487 and $0.614.
• ADA’s price currently stands at $0.5308, or 0.00001756 BTC, after a 3.48% increase over the last 24 hours.

Cardano’s (ADA) price is currently in a position favorable for the bulls and more short-term traders as there is a possibility of a rally in the cards for ADA. It is expected that a minor retracement will follow which could allow interested buyers the chance to accumulate ADA at a much lower price before catalyzing an explosive uptrend.

Currently, Cardano’s price set a range between $0.487 and $0.614, as it rallied by 25% between May 14 and 16. Since then, ADA has not made a move to sweep either of the ranges.

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