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What’s Next for Cardano (ADA) After Recent Rally?
In brief
ADA is following a long-term ascending support line.
There is support and resistance at $0.056 and $0.071, respectively.
It looks to have created a long-term double-top combined with bearish divergence in the RSI.
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On May 28, the Cardano (ADA) price broke out from an important resistance area and had at one point increased by 25% in the day. However, the price has begun to show short-term signs of weakness. Despite the breakout, it is not yet clear if ADA is bullish in the long-term. Cryptocurrency trader @TheEWGuy stated that the ADA price will likely make another upward move before dropping
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