Assessing Cardano's breakout possibility – Big moves ahead for ADA's price?

A technical analysis of Cardano revealed a potential bullish breakout from its ongoing downtrend. ADA has been trading within

Technical indicators pointed towards a waning selling pressure. But despite this bearish narrative, ADA managed to maintain its ranking amongst the top digital assets.

Furthermore, ADA has at times failed to follow the broader market trends, showing a muted response to macroeconomic events that usually impact other assets. This conversation has sparked an interest in how ADA could integrate with AI, which could boost investor confidence in its future growth and relevance.

Also, the Relative Strength Index stood around 42.25, putting it in the neutral zone but edging closer to the oversold territory.

Source: Tech Daily Report (techdailyreport.net)

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