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06/12 02:18
Cardano Forms Third Bullish Pattern as Breakout Ta
Cardano (ADA) forms its third bullish pattern in a row, trading near $0.71 with breakout targets at $0.80, $1.00, $1.30, and $1.80.
- Cardano forms a broadening wedge on the 3D chart, marking its third consecutive bullish technical pattern since recent price consolidation began.
- RSI rebounds from neutral while trading volume confirms accumulation between $0.50 and $0.75, hinting at strong bullish momentum building.
- Price breakout could target $0.80, $1.00, $1.30, and $1.80, supported by historical pattern behavior and Wyckoff accumulation signals.
- Cardano (ADA) has shown strength as it trades within a broadening wedged on the 3-day chart and indicating possible breakout. The identification of the broadening wedge is the third bullish techinical formation in a row that strengthens growing confidence in the assets investment capabilities.
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