#ADA Cardano price prediction

Buyers have managed to keep Cardano above the neckline of the inverse head-and-shoulders (H&S) pattern, but the bounce lacks strength.

That increases the risk of a break below the 50-day SMA ($0.70). If that happens, the ADA/USDT pair could plunge to the solid support at $0.60. That suggests the markets have rejected the breakout from the bullish setup.

Buyers will have to push the price above the $0.86 resistance to indicate the resumption of the up move. The pair may then rally to $1.01, where the bears may mount a strong defense.