Cardano’s Price Surge: Experts Predict a Return to $1 – BitRss

Cardano Price May Be Heading Towards $1 with Bull Pennant Formation

Martinez noted that Cardano’s price could experience a breakout from a bull pennant on lower timeframes. This breakout signals a recovery for ADA from the overall market sell-off that began earlier this week.

“Cardano’s price could see a significant increase towards $1 by breaking the bull pennant formation.”

Analyst Sebastian also predicted a potential recovery in Cardano’s price. He highlighted the formation of an inverse head and shoulders pattern on the hourly ADA chart.

Increase in ADA Holders Reflects Long-Term Confidence

The on-chain analysis platform Santiment reported a rise in ADA holders. According to the platform, the number of Cardano w…