$ADA
🚨 Cardano Coin price prediction 🚨
Cardano turned down from $0.86 on May 12 and dropped to the neckline of the inverted head-and-shoulders pattern.
A strong rebound off the neckline suggests a positive sentiment where the bulls are buying on dips. The bulls will then attempt to shove the price above the $0.86 resistance. If they do that, the ADA/USDT pair could surge to $1.01.
Contrarily, a break and close below the neckline suggests that the bears have overpowered the bulls. The pair could descend to the 50-day SMA ($0.68) and later to the solid support at $0.60.