Identifying Cardano’s next short-term target as bulls seek reversal

Cardano’s price has shown weakness but is approaching a possible bullish reversal. For ADA to establish an uptrend, it needs to exceed 0.594 USD. The RSI indicates decreasing bearish momentum, which could lead to further price increases.

After substantial losses in June, the market sentiment for altcoins, including Cardano, is cautious. Traders should be prepared for quick trades to capture profits in this uncertain market.