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Cardano (ADA) has joined the so-called Santa rally, a trend that is amusing investors after a very volatile week

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The price of Cardano ( ADA ) has joined the so-called Santa rally, a trend that is amusing investors after a very volatile week .

Earlier, the price of the coin dropped to a 4-week low of $ 0.7659 and entered a short period of consolidation afterward.

With the latest bullish uptick, the digital currency is likely to leverage its bull flag setup to soar higher.

The bull flag is a technical setup formed in periods of consolidation within an uptrend.