Cardano Price Prediction: ADA Recovery Continues but Confirmation Still Eludes Bulls

• ADA rebounds from $0.33 with higher highs, but still lacks confirmation above $0.42
• Price holds above short EMAs as Supertrend turns bullish, while the 200 EMA caps upside
• Derivatives stay elevated as spot outflows persist, signaling consolidation over belief

Cardano’s ADA has entered a cautious recovery phase on the four-hour chart, according to recent market observations. Price action shows a clear rebound from late December lows near $0.33, where buyers stepped in aggressively. Since that rebound, ADA has formed higher highs and higher lows, signaling improving short-term structure. 

Consequently, market participants now focus on whether this recovery can mature into a broader trend shift. However, analysts note that the move still lacks confirmation from higher resistance levels. Price strength remains selective, and traders continue to balance optimism with …

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