Cardano price prediction shines a light on a token ready to explore an ongoing bullish outlook. Bulls are eager to take the reins in the wake of the correction from highs at $0.41 to the support at $0.35.
The ninth-largest cryptocurrency is up 2% on Friday, 9% in seven days, and 34% in 30 days. Trading ADA has since October proved significantly bullish, especially for the bulls. Traders with a higher risk appetite find Cardano price an attractive investment, mainly in shorter timeframes allowing for scalping opportunities.
Although bulls have the remains based on the technical outlook in the daily timeframe, Cardano is facing an uphill battle due to the resistance at $0.4. A successful breakout above this level is required to enhance the bullish theory for gains above $0.5 and subsequently to $1.
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