ADA can experience great price growth !
There are many reasons to be bullish !
Cardano's number of active addresses, which peaked at 250,000 in October, has now risen by 80 percent to over 400,000 !
As you can see in the weekly chart (left chart), the ADA price has reached its long-term uptrend and has reacted correctly to this trend line .
The RSI indicator in the weekly time frame is also reacting to its uptrend line .
In the daily chart (right chart) we can see the price reaction to the important Fibonacci 0.618 line .
ADA from ATH has experienced about 50% price correction and these are enough reasons to be bullish !
Cardano's number of active addresses, which peaked at 250,000 in October, has now risen by 80 percent to over 400,000 !
As you can see in the weekly chart (left chart), the ADA price has reached its long-term uptrend and has reacted correctly to this trend line .
The RSI indicator in the weekly time frame is also reacting to its uptrend line .
In the daily chart (right chart) we can see the price reaction to the important Fibonacci 0.618 line .
ADA from ATH has experienced about 50% price correction and these are enough reasons to be bullish !
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