Cardano’s Bullish Structure Points to Breakout: Is $2 the Next Stop?
- Cardano eyes major breakout as ADA reclaims trendlines and key moving averages
- Volume data shows long-term accumulation between $0.30 and $0.40 support zone
- Fractal pattern suggests ADA could surge toward $2.40 if history repeats again
Cardano seems riding on significant momentum in the crypto market as analysts eye ADA on the brink of a major breakout, with the price hovering around $0.89 and up over 22% in the past week.
Classic breakout setup forms for ADA
Dan Gambardello, a well-followed market analyst, highlights a clear bullish breakout pattern forming on the ADA chart. The price is reclaiming key moving averages and pushing beyond major trendlines.
According to Gambardello, this current setup mirrors previous bullish phases, where ADA made strong impulsive moves after consolidating.
Support around the $0.62 level remains critical, while resistance clusters around $1.15 to $1.30. A possible pullback…
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Cardano’s Bullish Structure Points to Breakout: Is $2 the Next Stop?
- Cardano eyes major breakout as ADA reclaims trendlines and key moving averages
- Volume data shows long-term accumulation between $0.30 and $0.40 support zone
- Fractal pattern suggests ADA could surge toward $2.40 if history repeats again
Cardano seems riding on significant momentum in the crypto market as analysts eye ADA on the brink of a major breakout, with the price hovering around $0.89 and up over 22% in the past week.
Classic breakout setup forms for ADA
Dan Gambardello, a well-followed market analyst, highlights a clear bullish breakout pattern forming on the ADA chart. The price is reclaiming key moving averages and pushing beyond major trendlines.
According to Gambardello, this current setup mirrors previous bullish phases, where ADA made strong impulsive moves after consolidating.
Support around the $0.62 level remains critical, while resistance clusters around $1.15 to $1.30. A possible pullback…
The post Cardano’s Bullish Structure Points to Breakout: Is $2 the Next Stop? appeared first on Coin Edition.
Read More