RARE bullish pattern detected: Cardano is forming a RARE bullish pennant pattern, nearing a breakout. This formation has been consistent since early November, indicating a price target of 2.00 USD, representing an 80% rise from current levels.
Market dynamics and investment caution: Despite a 57 RSI indicating neutral bullish sentiment, Cardano’s price lacks momentum. A significant increase in trading volume is essential for overcoming technical challenges to maximize opportunities around the upcoming ‘SANTA rally’.