Cardano Breaks Downward Trend, Targets $1.082 – Is a Bullish Rally Inevitable?

Cardano (ADA) has surged past a long-term downtrend line, raising hopes for a significant price rally. Currently trading near $0.71, ADA has gained 3.85% in the last 24 hours. This momentum is fueled by positive market sentiment and technical indicators suggesting a potential breakout towards $1.082. However, holding key support levels will be crucial to ensure this bullish trajectory.