$ADA
🚨 Cardano price builds bullish $5 case amid $4.46 Million Short Liquidation Risk 🚨
As the latest recovery in the Cardano price gains momentum, the bulls have reclaimed the recently lost $0.67 accumulation zone. This high-volume zone had provided strong support for Cardano in late April. However, the recent breakout signals a V-shaped reversal in the ADA price trend, as well as a falling wedge breakout towards $5 as per Chart analyst Albert Brown.
Meanwhile, the Cardano ecosystem continues to face slight hurdles. Input Output exec Tim Harrison acknowledged Cardano’s “marketing problem,” citing the network’s underappreciated foundation despite real progress. On a more positive front, the Lace wallet made its official debut on Mozilla Firefox, accompanied by Bitcoin beta integration and a growing multichain roadmap.
