Crypto Star
07/20 13:54
Cardano Price Eyes Breakout as Falling Wedge Narro
Cardano Price Eyes Breakout as Falling Wedge Narrows
Cardano Price is inching closer to a key breakout point, with the latest chart from The Value Trader highlighting a well-defined falling wedge structure that’s tightening fast. Price is currently pressing up against the upper boundary of the wedge while holding above key moving averages.
Cardano’s price presses against the upper wedge boundary, eyeing a breakout toward $0.90 and possibly $1.31. Source: The Value Trader via X
A confirmed breakout from this wedge could open the door to a sharp move higher, with the $0.85 to $0.90 region acting as the next technical target. The chart also points toward a longer-term projection near $1.31, aligning with prior structural highs. While the breakout hasn’t happened just yet, the setup is maturing and looks cleaner.
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