Cardano (ADA) on verge of 20% breakout as social sentiment indicator hits 4 month high

ADA has gained 13.5% in March, and a key social sentiment indicator is hinting at a further price upside.

Cardano’s (ADA) price has managed a steady 13.5% in March after experiencing a 32% dip in February. The altcoin is still down 15% in Q1, but technical data is beginning to point to the continuation of the recent positive price action.

Cardano 1-day chart. Source: Cointelegraph/TradingView

Despite ADA price moving sideways between $0.78 and $0.70 over the past 10 days, social sentiment related to the altcoin has hit a new year-to-date high.

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