Cardano (ADA) Could Be Set for 11% Spike, Here's How

15% price increase is not enough for $ADA, and the upcoming leg up might become a logical continuation of the rally

has been showing promising signs of an uptrend, with the potential for an 11% price spike in the near future, according to the four-hour time frame. The cryptocurrency has been gaining momentum in recent weeks, with a solid uptrend that began in the first part of March, as mentioned in a previousThe strong support level formed around the $0.

35 threshold has acted as a consolidation point, setting the stage for a significant long-term reversal. Cardano has been steadily going upward for the last 13 days, with a more than 18% increase in value during that time. The recent positive price performance has been fueled by the current banking crisis and the rise of the cryptocurrency market, which has become a safe haven for many investors.

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