Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target

After weeks of constrained price action and consistently lower highs, Cardano (ADA) appears to have finally broken free from its bearish grip. A recent analysis by crypto trader TehThomas on the TradingView platform confirms that ADA has broken out on the 4-hour chart, which may be marking the beginning of a more significant trend reversal. 

ADA Breakout Reshapes Market Structure After Downtrend

Cardano, like the rest of the crypto market, experienced a bearish trend in March. This bearishness was so intense that it saw the altcoin go from hoping to break above $1 in the first few days of March to the bulls working to prevent a close below $0.65 at the end of the month.

In terms of price action, the Cardano price held

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