Krutika Adani
The technical charts of Cardano (ADA) show a 2222% upside from current levels and a potential reach of $8.5 within the next few days.
Cardano is also about to implement the much-anticipated Chang upgrade, which will give ADA holders the power of on-chain governance.
For the rally to take place, the price must first cross the resistances at $1 and $1.6.
The price of ADA has lost all the gains it made from $0.38 to $0.74 and is again back at Dec 2023 levels.
The next price target is $0.43 on the upside. On the downside, $0.28 remains solid support for ADA.