Cardano Faces Correction After Rally, But Bullish Pattern Hints at Potential Rebound

Cardano (ADA) price rose over 13% recently but is now showing signs of losing momentum and facing potential correction

ADA could drop 15% to $0.62 based on profit-taking by short-term investors and losing key support levels

However, ADA is forming a technical "rounding bottom" pattern that could signal a bullish trend reversal

If ADA breaks out above the pattern's resistance at $0.62, it could rally towards the target of $0.76

Validating this bullish pattern could give Cardano the boost needed to breach $0.76 and continue rallying towards $0.80