Over the past two weeks, the ADA coin has traded sideways amidst the increasing uncertainty in the crypto market. While the formation of alternative green and red Candles indicates clear dominance from either party, the 4-hour time frame chart shows this consolidation as the formation of flag Pattern. Here’s how this pattern could further influence the near future projection of the Cardano price.
Also Read: ADA Up 5%, Analysts Expect 100% Cardano Price Rally By Christmas
Bullish Pattern Sets Extended Recovery
The flag pattern breakout could set the ADA price for a 20% upswing
A potential bullish crossover between the 100-and-200-day EMA would accelerate the buying momentum
The intraday trading volume in the Cardano coin is $442 Million, indicating a 16% gain.
Source- Tradingview
Amid the October and early November rally, the Cardano Price witnessed significant growth where the price jumped from $0.239 to a high of $0.4, registering 71% growth. However, this rally turned sideways afte
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