Cardano (ADA) is poised for a potential bullish move if it can break above the $0.80 resistance level, according to analysts. Currently trading around $0.65, ADA is within a symmetrical triangle pattern, with key support at $0.67. A breakout above $0.80 could signal a continuation of its upward trend, targeting further gains at $1.00, $1.30, and ultimately $1.70.
Long-term technical analysis indicates that ADA has been in an ascending channel since 2019, with upper resistance near $3.00. This suggests a strong potential for growth if the current resistance levels are surpassed, paving the way for significant price increases.
Cardano (ADA) Eyes $1.70 Target with Key Breakout Above $0.80
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