Cardano’s Inverse Head & Shoulders Pattern Hints at Potential Price Surge

Analysis reveals Cardano (ADA) is forming a potentially bullish inverse head and shoulders pattern, with its price currently trading around $0.8702. This pattern, often seen as a sign of potential price upswings after corrections, suggests that ADA could target the $12–$13 resistance level on its chart. Expert analysis from sources like TapTools indicates support levels near $0.840 and a break above the $0.8920-$0.940 resistance zone may further fuel price growth toward a potential target of $1.28, $2.15, $5.67, or even $7.50. Continued trading volume suggests strong market interest.