**Is Cardano on the verge of breaking $0.7477? ADA may be poised for a major rebound!**
Cardano (ADA) is showing a bullish pattern recently, with $0.7477 being a key resistance level!🚀
1️⃣ Bullish reversal pattern: The inverse head and shoulders pattern for ADA is forming, and breaking through the $0.7477 neckline could mean a significant rebound is on the way! The current price is at a crucial support level, and a breakout could ignite upward momentum. 📈
2️⃣ Surge in user activity: In the past week, both address growth and activity have accelerated, showing a significant increase in speculative interest and user participation. 🔥
3️⃣ Low MVRV: ADA's MVRV index is in a neutral zone, indicating that the price is not yet overvalued, presenting substantial potential for upward movement! 💡
Breaking through $0.7477 is crucial! If successful, ADA could initiate a new upward trend; otherwise, it may continue to consolidate. 🧐
