Where Cardano Price Heading in February 2024, $0.7 or $0.4?

In sync with the recent uptick in the broader cryptocurrency market, Cardano Price has seen a notable rebound from the $0.46 level. This positive turnaround from the local support has resulted in a 12% increase in ADA’s value over the past five days, bringing its current trading price to approximately $0.519. However, this upward trajectory is encountering resistance at the trendline of the pennant pattern, which poses a risk of a prolonged correction if ADA is unable to break through this resistance level.