Cardano (ADA) Price Prediction for February 22

Cardano (ADA) is currently trading around $0.77, down 3.25% in the last 24 hours, but its trading volume increased by 45% during the same time. The $0.74 price level is critical for ADA's short-term movement. If ADA stays above this level, it could potentially increase by 10% to $0.85 soon, and possibly by another 20% to $1.01 in the next few days. However, if ADA drops below $0.74, it could fall by 10% to $0.65. Technical analysis suggests ADA is forming an ascending triangle pattern similar to XRP on the four-hour chart. In the last 24 hours, $1.45 million worth of ADA flowed into exchanges, suggesting some investors might be selling. This inflow could increase selling pressure and potentially lower the price further, especially in a bearish market.