The price of Cardano is expected to rise by 22% as ADA bulls make a comeback.
After testing the $2.30 resistance level, Cardano’s price retraced about 20%.
The market was able to settle down after the setback, indicating that a 20% run-up is likely.
The bullish argument will be invalidated if ADA makes a lower bottom below $1.72.
Cardano’s price is continuing to rise upward while staying close to the rounded bottom pattern. Although…