Cardano’s path to 2.50 USD: Analyzing signs of another 2024 Q3-style rally

Cardano’s recent price behavior mirrors its Q3 2024 breakout, with current patterns indicating retention above 0.60 USD support. However, weak buy-side interest during recent dips raises concerns about sustaining upward momentum.

Upcoming trading sessions will be pivotal for ADA’s performance. A rebound from the 0.60 USD support zone may lead to retesting 0.73 USD resistance. Analysts speculate a potential breakout towards 2.50 USD in Q2, contingent on market conditions.

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