Cardano will see a nice uptake in the coming days as it establishes a consistent range of prices. Investors could see more returns from the coin in the near future, as it has partially recovered some losses that were suffered in May. These are just a few of the details.

Over a week, ADA established a range between $0. 487 to $0. 677

The coin is currently trading on the lower end of this range

ADA is likely to trace $0. 487 will likely trace $0.

Data Source: Tradingview

Cardano (ADA) – Price analysis or prediction

ADA has made a slight recovery since its bottom in May. The coin has returned above $0.5 and seems to be consolidating. ADA has maintained a steady range over the past week.

As long as there is no major market change, we expect ADA will continue to retrace its range over the coming days. This will deliver an upswing of around 35%. Moreover, if bullish investors increase their holdings of the coin, we could see a decisive breakout towards $0.8.

But for now, a likely upside of at least 30% appears very likely. This analysis will be invalidated if ADA falls outside the range and loses its $0. 471 support. The coin could fall to $0. 38 before it pulls up again.

Is the ADA fully restored?

ADA has yet to recover fully from May’s steep losses. It was at $1.01 just recently, so it is still a long way off. Cardano’s long-term outlook is good.

Investors who are keen to accumulate the coin over the long-term should act now, before the price drops significantly.