The post Cardano Short-Term Targets Mapped, Price May Hit $0.6 this Weekend! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Cardano‘s price displayed an extreme bullish momentum as the asset nullified the bearish impact to surge high. The asset had previously attempted to break through the upper resistance but failed eventually, displaying a fakeout. With the breakout, it was believed that the ADA price might drop below $0.45, but the bulls persevered and dragged the price out of the bearish formation.
After being rejected just below $0.5, the ADA price is undergoing a parabolic recovery back towards these levels. The asset consolidated around $0.46 for some time and surged more than 4% to hit $0.48 again. Woefully, it is experiencing a pullback presently at $0.48, which is expected to drag the price close to $0.47 before the end of the day’s trade.
Despite the price appearing bearish, the probability of the ADA price achieving $0.6 appears pretty high.