- Cardano’s $0.74–$0.98 zone can be seen as a prime entry point before the next bullish surge
- Charles Hoskinson has emphasized on governance transparency and $600M ADA treasury challenges for ecosystem growth
Michaël van de Poppe, founder of MN Consulting, is positive about Cardano’s (ADA) potential recovery and future growth on the price charts. Following a 40% correction after a 300% rally from its November lows, the analyst now believes ADA is approaching the end of its correction phase.
In fact, he is anticipating that the cryptocurrency is preparing for a new upward move, one supported by its technical patterns and market position.
Market performance
At the time of writing, Cardano was trading at $0.8577 with a 24-hour trading volume of $965 million. Over the past week, the price has declined by 4.34% – A sign of broader market volatility.
With a circulating supply of 36 billion tokens, ADA…
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