Can ADA price reach $3? Cardano greenlit for 216% rally

Key Points

1. ADA price has increased by 75% between June 22 and July 18, marking the end of a downtrend.

2. Technical analysis indicates potential for a 216% rally to $2.70, based on bull flag patterns and moving averages.

3. Historical data shows that breaking the upper Bollinger Band has led to massive price rallies in the past (e.g., 1,500% in 2021).

4. A golden cross (50-day SMA crossing above 200-day SMA) and bullish MACD signal reinforce the case for continued upward momentum.

5. Analyst Deezy suggests ADA could rally another 130% to $1.80 based on RSI levels.