Cardano (ADA) Could Rally to $1.60 if Support Hold

Cardano (ADA) Could Rally to $1.60 if Support Holds Strong

Moreover, the crypto analyst, Rose Premium Signals, highlighted that Cardano is again testing the lower side of the downward channel, which is closer to the critical support zone at $0.40. Initial buying volume is starting to increase, which is an indication that bullish power could start building. Market participants are closely monitoring the retests by bulls at the important level, which is a sign of a possible reversal.