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Cardano (ADA) bounced modestly after nosediving nearly 30% in the last week, its worst seven-day performance since May 2021, when the collapse sparked a cryptocurrency market crash.

Nonetheless, ADA looks ready to undergo a sharp recovery in the coming months, based on technical analysis.

daily price chart. Source: TradingView
ADA’s market dominance daily chart. Source: TradingView
ADA/USD daily price chart. Source: TradingView
ADA/USD 3D price chart. Source: TradingView