Cardano was at its lows over the last few weeks; however, recently, the coin began to uplift from its support zone. Once the coin continues to trade above the trend line, it might record a rally. However, the volume shows relative movement for bulls; however, the bulls need to push the price higher for stronger momentum towards highs.
Strong support in the downtrend can be seen when the Cardano price last broke around $0.75. This last low is still holding, and prices have started to climb higher in small increments before it would reach to test a resistance at the last swing high. The price of Cardano may continue to trade above the $1 mark.
The ADA coin has been recently rising from its lower zone. The previous week’s candle shows a rise of 18% towards bulls. The price has recently suppressed the downtrend line after moving below it for a long period of time. The bulls can expect a gainful opportunity once the forming candles show a rise in the price from the current level and may reach a minimum of $1.28.