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Cardano price prediction: Can ADA force a move past $0.6?

Press Releases Crypto News AMB-Crypto Cardano price prediction: Can ADA force a move past $0.6?

Cardano has a bullish market structure
It moved within the previous range and is expected to rally higher

Cardano [ADA] fell below a six-week range on the 18th of January. It retested the $0.453 support level and has rebounded with vigor. The $0.51 range lows were flipped to support once again, and the liquidity near $0.6 should attract prices toward it.

A recent AMBCrypto report highlighted that the chances of an ADA recovery were good. This view has been vindicated with the bullish market structure break.

Another resistance/support flip encourages the buyers

The move above $0.52 flipped the market structure bullishly on the 12-hour chart. Moreover, the move above the $0.524 resistance saw the level turned into a support.

Together, they pointed toward a bullish bias for ADA in the coming days.

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Author: Akashnath S

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