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Cardano price drops to level that sparked a 65% ADA rally in March — Will history repeat? -Breaking

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Cardano price drops to level that sparked a 65% ADA rally in March — Will history repeat?

Cardano (ADAAfter falling to the lowest levels since February 2021, ADA’s price is now rebounding. A technical fractal indicates that the upside retracement of ADA could be continued in coming weeks.

The price of ADA has begun to bounceAfter testing the exact same area of support that was used to prevent a bull run at 65% in March 2022.

Three-day price chart Source: TradingView
ADA/USD 3-day price chart with rebound target Source: TradingView
Cardano Supply of whales 1M-10M ADA Source: Santiment
ADA/USD daily chart with key technical updates TradingView