The crypto markets have turned green, while the Cardano price is striving to inculcate bullish market sentiments. The volume also appears to have drained in the meantime, and the impact is already evident on the ADA price. Hence, the price is expected to continue with little-to-no volatility in price action for an extended period ahead. As the asset has been showing signs of weakness, the possibility of a fresh drop is high.
Selling volume has also not made a major impact, along with the reduced buying volume, due to which the price has been able to trade above the key support. However, after rallying from the recent low of $0.3, ADA price is attempting to remain within an ascending range.
Meanwhile, a final retest appears to be imminent before undergoing a notable upswing towards the upper targets.
After the recent surge, ADA price is expected to test the support levels again, after which it could start moving higher. Therefore, after a brief rise above $0.322 initially and later at $0.3370, ADA price is expected to reach the first target of $0.385 and later move towards the main resistance area between $0.416 to $0.423.
The token is required to clear these levels to reach the second target beyond $0.48, which appears likely in the next couple of months. Considering the present price action, the Cardano (ADA) price is moving towards the north while withstanding significant bearish pressure, and hence may certainly not lay down a firm upswing until the monthly close.
