The crypto market is experiencing ups and downs, with Bitcoin's rise above $98,000 raising hopes of hitting $100K over the weekend. Meanwhile, Cardano remains confident in continued growth despite bearish market conditions.
Market Overview: Bitcoin and Cardano
Bitcoin price has risen above $98,000, sparking hopes of returning to $100K. Cardano, despite bearish market sentiment, continues an uptrend and is expected to reach a new ATH by the end of the year.
Cardano's Development Roadmap
Cardano's founder, Charles Hoskinson, outlined the platform's roadmap focusing on decentralization and governance. This could lead to a 20% ADA growth if bulls surpass certain levels before the year-end.
ADA Price Technical Analysis
The ADA price has rebounded from interim support at around $0.75. However, the recovery volume remains low, and technical indicators remain in the bearish range. The RSI shows a bullish divergence, but it is yet to be validated.
Thus, Cardano may see a 20% growth if the weekly close is above $0.98. Otherwise, renewed bearish pressure could return the price to the $0.75 level or lower.
