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.