Cardano’s price may surprise you after Bitcoin’s halving

bears were leading the market as the token’s price charts remained red. However, there were changes of a trend reversal as a bull pattern formed on ADA’s chart.The last week was disastrous for ADA investors as the token’s price declined by a whopping 23%. According toBut there was more to the story, as ADA’s price was consolidating inside a bullish symmetrical triangle pattern at press time, which hinted at a bull rally.

At press time, it was trading at $0.4498 with a market capitalization of over $16 billion, making it the 10th largest crypto.Apart from price action, a few of the metrics also looked bullish. AMBCrypto’s check on Santiment’s data pointed out that ADA’s 7-day MVRV ratio improved over the last few days.

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