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Over the last four months, the Cardano (ADA) price has been ringing within a symmetrical triangle pattern.The lack of direction in the coin price inside this pattern indicates a no-trading zone. As a result, interest traders must wait for the breakout before investing in Cardano.A symmetrical triangle pattern is forming on the ADA/USD daily time frame chart. The cryptocurrency is going lateral under the influence of this pattern, gradually narrowing its price spread.The last bull cycle from the support trendline pushed prices up to the $0.512 resistance level. However, the Cardano price has failed to break over this barrier twice in the last two weeks, indicating a high supply zone. Furthermore, the latest crypto market sell-off strengthened the price reversal from the $0.512 level and reduced market value by 9.6% to $0.46-$0.454.According to the 4-hour<a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" rel="noopener noreferrer nofollow"> Cardano price analysis</a>, the cryptocurrency has enjoyed a spike, pushing prices to $0.4720. Bulls may be able to turn things around if they can gather enough strength to push prices over the $0.4870 resistance level. Buyers are buying on dips as the price approaches the rising channel line support. This week, the price of cardano has stayed over $0.450 per US dollar. The ADA/USD pair was able to maintain the $0.4650 support level.The market capitalization of ADA is estimated to be $16,214,541,124. The 24-hour trading volume for the same coin is around $815,996,725. ADA market capitalization has risen by 0.58%. However, trade volume decreased by 16.88% during intraday trading. The market capitalization to volume ratio is 0.05008.The first significant resistance is situated at $0.4900. Any additional increases might bring the price up to $0.5100. Above $0.5100, the price may shortly reach $0.5500.If ADA fails to break through the significant resistance level of $0.4900, the price may continue to decline below $0.4500. If it fails to maintain this level, panic selling will occur up to the $0.4200 level.KEY LEVELS :RESISTANCE LEVEL : $0.4900-$0.05100SUPPORT LEVEL : $0.4500-$0.4200<img src="https://academy-public.coinmarketcap.com/optimized-uploads/73a418f587204f0da3365b58394b153c.png" />Will the Bulls reverse ADA at the lower levels? Please share your thoughts.Get more crypto related updates on ;-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

CARDANO PRICE ANALYSIS : Will Bulls boost the ADA price while the ETH merger is ongoing?

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