Following a sharp decline to $0.765 last week, Cardano (ADA) price has now entered a recovery phase. Forming an ascending flag pattern, this digital currency has managed to attract investors’ attention. ADA price, joining the famous ‘Babaniwel Rally,’ has started a new uptrend after a consolidation period, indicating its high growth potential. Currently, ADA price has reached $0.93 with a 6.66% increase in the past 24 hours. Market analyst Av_Sebastian confirmed that ADA is breaking the $0.93 resistance. The ascending flag pattern is a technical pattern that forms during consolidation periods in uptrends. If Cardano can close a bullish candle on the daily chart, it might be able to break the $1 level in the short term. This prediction aligns with previous ADA price analyses, forecasting a price range of $2.60 to $2.80 based on Elliott Wave analysis.
