Cardano (ADA) Price Teases Key Resistance to Trigger 35% Breakout Rally

ADA, the native token of the Cardano ecosystem has recently rebounded from the combined support of $0.46 and 50% Fibonacci retracement level. Amid the current relief rally in the market, this altcoin surged nearly 12% to currently trade at $0.51. This rising price encounters supply pressure at the resistance trendline of a pennant pattern. Here’s how this chart pattern could bolster sustainable growth in Cardano price.