Cardano's price is looking to bounce back, aiming for a high of $0.81, as indicated by the MVRV Ratio and technical indicators. Despite Bitcoin's sideways movement pre-halving, Cardano has maintained stability, with neither buyers nor sellers dominating.

The recent correction in Cardano's price, from its peak of $0.81 to a low of $0.4, has found support at the 61.8% Fibonacci retracement level. This level is crucial during market corrections, providing a base for buyers to push the price higher.

A key indicator, the MVRV Ratio, suggests a potential surge in Cardano's price. Historically, when this ratio dipped below -22%, Cardano's price experienced significant increases. With the ratio dipping again, there's speculation of another impressive rebound for Cardano.

If Bitcoin's halving triggers a market recovery, Cardano's price could surpass resistance levels and target $0.683, then $0.81. Technical indicators like the Relative Strength Index (RSI) and the 200 Exponential Moving Average (EMA) on the weekly chart also support the possibility of a price rally.

In conclusion, Cardano's price is poised for a potential rebound, with signals indicating a move towards $0.81. Technical indicators and market sentiment suggest a positive outlook for Cardano in the near future.