As bullish sentiment increases, might $ADA be ready for a 20% rally? - Cryptolandoff

As bullish sentiment increases, might $ADA be ready for a 20% rally?

Cardano (ADA) is now trading at about $0.8, having recently seen a 15% price increase, suggesting a possible climb towards the $1 mark.

According to technical analysis, ADA discovered support close to the 61.8% Fibonacci retracement line, indicating that the rising trend may continue.

With a long-to-short ratio of roughly 1.09, more traders are placing bets on ADA's price growth.

According to analysts, ADA may return to its all-time high of $3 if it overcomes the psychological hurdle of $1.

A bullish outlook for ADA is supported by on-chain indicators and a strong market mood. Medium- to long-term targets for ADA range from $3 to $20.