Can bulls overcome Cardano's bearish market structure?
Since December, Cardano [ADA] has fluctuated in value. But in the last three weeks, a small range has developed close to its long-term range lows.
The impetus was lacking, but the purchasing pressure was present. The comparatively wide Bollinger Bands on the 1-day chart indicated some volatility.
At the time of publication, the token's market structure was bullish, despite the fact that it was trading within a three-week range. After it bounced back and took back the range low at $0.68 as support, this flip took place.
