Cardano Price Bullish Thesis Hints 78% Breakout Amid Negative Sentiment

Cardano price began rising toward the end of last week and into the weekend. On the daily time frame, the asset surged and closed above a crucial resistance level. Only one more barrier remains before ADA price can start making significant gains. Despite this optimistic view, Cardano has been hit by a development issue, as the Chang hard fork was delayed once more by four days. This may have impacted investor confidence as ADA lost its bullish momentum. The asset is trading at $0.3857, down 3.7% in the last 24 hours.