Trading King

08/14 12:18

ADA price enters bull flag breakout stage

ADA price enters bull flag breakout stage

Cardano’s latest price action has confirmed a bullish breakout from a multimonth bull flag pattern on the three-day chart, according to analysis by Clifton Fx.

The breakout follows a steady climb from the lower trendline, with ADA price now pushing above key resistance. Technically, such breakouts often precede strong upside continuation.

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Clifton Fx’s current projections point to a “100-150% massive bullish rally” in the coming weeks. In other words, ADA’s price can grow toward the $1.60–$1.75 range if momentum holds. These levels were last seen during the early 2024 gains.

ADA’s bullish outlook appears on the backdrop of its significant gains in the past 24 hours, when compared to other top-ranking cryptocurrencies. The Cardano token has risen by about 20% in the period to reach $0.99, a five-month high.

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The gains underscore renewed buying interest in the altcoin market, with ADA now among the top watchlist candidates for traders betting on high-percentage moves.

That includes Trader_Jibon, who predicts ADA’s price to reclaim its November top at around $1.32 —and mid-2022 high of $1.63 afterward.

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