Cardano (ADA) price rise fueled by positive sentiment and SEC comments, potential 20% rally

From Cointelegraph
March 19, 2025 01:56 PM:

Cardano’s (ADA) price has risen 13.5% in March after a 32% dip in February. Despite being down 15% in Q1, technical data suggests positive price action may continue. Social sentiment for ADA has hit a new year-to-date high, with bullish sentiment at a 4-month peak. The SEC’s positive comments on Cardano’s use case have boosted investor confidence.

Despite a decrease in onchain activity, ADA price has remained above the 0.50 Fibonacci retracement line. The altcoin’s high-time frame chart shows a technical uptrend, with support from an ascending trendline. ADA’s immediate resistance is at $0.78, with a potential 20% rally before the end of March. However, prolonged sideways movement may limit immediate gains.

Read more at Cointelegraph: Cardano (ADA) on verge of 20% breakout as social sentiment indicator hits 4 month high