Cardano's price has seen consolidation over the past year, but technical indicators suggest a potential upswing. The cryptocurrency is currently in the fourth phase of the Elliot wave, exhibiting a triple-bottom and a bullish pennant pattern. These technical signs are complemented by increased developer activity on the network, which could serve as a catalyst for Cardano's price increase.
The analysis highlights a potential price surge, which is drawing attention from investors and enthusiasts. The combination of these bullish indicators suggests that Cardano's price may see significant movement if these trends continue.
