#CardanoDebate ¿Cardano at $0.67? Epic Prediction from the Bollinger Bands

Cardano (ADA) shows signs of recovery in the cryptocurrency market, with its price increasing from $0.6291 to $0.6441. As indicated by the Bollinger Bands trend for Cardano, the current setup presents significant recovery potential for the asset.

According to data from CoinMarketCap, Cardano is currently trading at $0.6330, which represents a 0.21% increase in the last 24 hours. This reflects a slight correction from the peak reached in previous trading sessions.

This price trend is around the lower range of the Bollinger Bands, a bullish signal for ADA. It is noteworthy that after reaching this lower band, the price can only follow an upward trend. Cardano could begin to rise if the bulls regain full control of the trend.

This reversal could cause ADA to bounce back to between $0.67 and $0.70 if market participants reactivate their interest in Cardano. At the time of this edition's closure, the volume has decreased by 46.33%, down to $589.3 million. For the asset to experience a surge, investors must actively buy the coin to support a price increase.

Recently, Cardano whales acquired over 120 million ADA in 48 hours, anticipating bullish turns. However, the current volume, at the time of writing this article, indicates that these large holders have pulled back. For Cardano to maintain a surge, these large holders must activate and sustain the momentum.