For those keeping an eye on Cardano (ADA), another price prediction has surfaced, this time pointing to a potential rally back to the $2 mark. The reason? A right-angled descending wedge pattern — an indicator that, if confirmed by a daily close above $1.15, could pave the way for a significant move upward, possibly doubling the current price.
Right now, ADA sitting at $0.7145, quite a distance from the last time it touched $2, which was back in November 2021 — more than three years ago. But this is not just about historical price points or technical patterns; it is also about timing, sentiment and general market conditions.
The dropped cases against Coinbase and Kraken have seemingly removed the weight of an SEC…
