Cardano (ADA) and Dogecoin (DOGE) Show Signs of Bullish Comeback

After dipping to monthly lows, both ADA and DOGE are showing positive momentum, with renewed investor interest pushing the global market cap to $2.66 trillion

The crypto market continues to show signs of recovery, with the global crypto market cap increasing by 0.83% in the last 24 hours to reach $2.66 trillion.

Among the cryptocurrencies that are showing signs of a comeback are Cardano (ADA) and Dogecoin (DOGE). Cardano recently dropped to a monthly low of $0.5165 before showing signs of strength. It is currently being traded at $0.6153 following a 0.40% decrease.

According to crypto analyst AMCryptoAlex, Cardano may rise further if it breaks past its short-term resistance with strong price action.

"Cardano is positioned at a short-term support trendline," he said.

If the price manages to close above $0.67 on a 4-hour chart, it might be a good sign for a trend reversal, and we could be heading towards a short-term target of $0.70. However, it's important to consider that global issues like the ongoing trade problems between the U.S. and China might affect investor confidence.

This could make it harder for ADA to break higher despite the chart looking okay.

Dogecoin is also bouncing back after dipping to $0.151 and quickly recovering. It is now valued at $0.1541, which is a 0.60% drop in the last 24 hours. However, the token saw an intraday high of $0.1575.

Crypto expert STEPH IS CRYPTO shared a bold prediction that DOGE could hit $2 within the next three months.

Another analyst, CryptoSurf, agrees with the bullish outlook, saying that DOGE might cross $1 pretty soon if the momentum keeps going.

Moreover, History could repeat itself. April has always been a good month for ADA. If it repeats that trend, the token could rally again, possibly heading toward the $1.51 price level.

The price is currently testing a price level around $0.60, and if it breaks past that, the fib level, and if the momentum carries over, we might see the price increase even more.