Cardano Price Analysis: Accumulation at Crucial Support Signals 25% Rally; Will ADA Price Hit $0.5 In May?

Cardano Price Analysis: For over a fortnight, the Cardano price has been moving sideways above the long-coming support trendline of the channel pattern. The daily chart showing that the red candles are failing to get a follow-up on the downside indicates buyers are actively accumulating at this level. This buying pressure at important support indicates a higher possibility for a bullish reversal and the start of a new recovery cycle.