Is Cardano Ready for a Bull Run? Custom Risk Model Shows Potential

A custom risk model reveals that Cardano (ADA) is nearing historic lows, echoing patterns seen in previous market bottoms that preceded substantial rallies. Analysts attribute this potential rally to expansion in DeFi applications and growing institutional investments. The model’s current risk score sits at 31, similar to previous market bottoming points. The model predicts a breakout from the descending trendline could propel ADA towards a target of $1.51, with support at $0.60 serving as a crucial threshold.