Cardano (ADA) Price Prediction: Bullish Surge Ahead?** 🚀
**Current Price:** $0.7809
**Key Support:** 50-day SMA ($0.67)
**Key Resistance:** $0.83 ➡ $1.01 (Pattern Target)
### **Technical Analysis Breakdown** 📊
✅ **Inverse Head-and-Shoulders Pattern** completed on **May 8**, signaling a bullish reversal.
✅ **20-day EMA ($0.69)** is turning upward, supporting buyer momentum.
✅ **RSI in positive territory**, indicating strength for bulls.
### **Potential Scenarios**
#### **Bullish Case (If Buyers Hold Control)**
- If **ADA stays above the neckline**, expect a rally toward **$1.01** (pattern target).
- **$0.83 resistance** may be tested but is likely to break.
#### **Bearish Case (If Bears Fight Back)**
- A drop **below the 50-day SMA ($0.67)** could trigger a decline to **$0.60** or even **$0.50**.
### **Final Verdict**
🔹 **Short-term Outlook:** Bullish, with a potential run to **$1.01**.
🔹 **Watch Out For:** A break below **$0.67** to invalidate the bullish structure.