Other bullish factors that have emerged are the fact that the ADA price has continued to put in higher lows and higher highs. Naturally, higher lows and higher highs mean an asset is maintaining its bullish trend, and Cardano is no different.
“A rotation toward $1.16 appears likely, and a breakout beyond that level could drive price action toward $1.19 in the short to mid-term,” the crypto analyst stated.