Cardano’s $ADA Shows Signs of Life: Is a Bullish Breakout Brewing?

Cardano ($ADA) is showing signs of life, holding above crucial support and potentially signaling the start of a bullish wave. 24-hour and weekly price analysis suggests steady accumulation despite a modest dip in price. A potential breakout to $0.83 resistance is suggested by a bullish wedge pattern. Momentum continues to build as ADA trades above key moving averages. A recent chart formation shows a descending wedge pattern, often associated with a bullish breakout. 7-week moving average is near the current price point of $0.82, highlighting a tug-of-war between bulls and bears.