Is Cardano (ADA) ready to rally? Benjamin Cowen updates Outlook on sixth-largest crypto asset

After facing a significant price pullback since September, Cardano (ADA) is finally demonstrating “signs of life,” according to crypto analyst Benjamin Cowen.

Cowen tells his 638,000 YouTube subscribers that its critical ADA breaks back above what he calls the “bull market support band,” which is a combination of the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).

“The work we have to do is first we need to get back above the bull market support band, and if you look, it’s all the way up at $1.94-$2.05…

It’s like there’s a pulse. There’s a pulse. It’s doing something, but we’ve still got a long way to go, my friends.”

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