!#Cardano could be back! In the three-hour chart, $ADA has formed a "golden cross", a bullish signal that occurs when the short-term moving average crosses above the long-term average.

This movement, along with the Relative Strength Index (RSI) moving out of the oversold territory, suggests that the price may have bottomed out. Although trading volume remains low, posing the risk of a false breakout, analysts remain optimistic, with some predicting that the price of Cardano could reach $3 or even $6 in this cycle.