Cardano fell beneath the $0.5 support on 8th January.
The bulls were quick to drive a recovery, and some more gains are possible.
Cardano [ADA] has a strong bullish outlook on the lower timeframe price charts. Its recovery from the $0.48 area and the retest of the same as a demand zone was impressive. It set the token up for a rally toward the range highs.
In other news, the launch of the Cardano USDM stablecoin has been postponed. This development could hurt the credibility and value of the project in the eyes of investors.
The H4 order block saw a resounding bullish reaction
Source: ADA/USDT on TradingView
The 12-hour chart above showed that the market structure was bullish. It broke the previous bearish structure on 8th January when prices climbed above $0.5298.
Additionally, ADA continued to trade within the range (purple) that extended from $0.511 to $0.679.
AMBCrypto looked at the 4-hour chart to unde
We współpracy z: https://ambcrypto.com/cardano-prediction-shows-bulls-can-drive-ada-prices-up-by-10/
