Cardano (ADA) Bulls Outpaces Bitcoin: Here’s What Could Propel It to $0.06

Cardano rallied more than 12% and outpaced bitcoin’s 5% rise. ADA price is now trading well above $0.0500 and it could continue to rise towards the $0.0600 resistance area.ADA price started a strong rise after it broke a major resistance near $0.0465 against the US dollar.
The price rallied above the $0.0500 and $0.0520 resistance levels.
There was a break above a key contracting triangle with resistance near $0.0440 on the 4-hours chart of the ADA/USD pair (data source from Kraken).
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