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Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target

  • The Cardano price is eyeing an impulsive move to the upside after the invalidation of a bearish RSI divergence.
  • Crypto analyst Melika Trader predicts that Cardano price could rally to $0.90 - $0.94 range as it respects the channel structure.
  • Five reasons why Cardano price could reach $20 in this market cycle include becoming a Bitcoin DeFi player, Charles Hoskinson joining Donald Trump's Crypto Advisory Council, Cardano ETF, potential partnership with Microsoft, and US Treasury being built on the Cardano blockchain.
  • At present, the Cardano price is trading at around $0.8, up over 3% in the last 24 hours.

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