Cardano (ADA) experienced extreme volatility, surging over 80% after being included in a US Strategic Crypto Reserve but declining by 35% due to negative macroeconomic sentiment and trade war fears.
Analyst Ali Martinez suggests that Cardano could potentially surge towards $10, but bulls need to reclaim key technical levels for a strong recovery.
Cardano's price action is currently at a critical point, and the next few days will be crucial in determining its next move, with a potential for another explosive rally if bulls can stabilize ADA above key support.
ADA is trading at $0.80 and needs to break through $1.17 resistance level to trigger a potential massive rally, while failure to hold above $0.80 support level could lead to further downside risk.