Crypto influencer Justin Wu, a former Pi Network core team member and now known for his trading insights at Token2049, has issued a bullish breakout alert for Cardano (ADA).
In a recent post on X , Wu highlighted that ADA has officially broken out of its descending wedge pattern on the daily chart.
Such breakouts are often seen as a classic bullish reversal indicator. He added that ADA’s price has held firm above a key support zone and is now showing strong upward momentum.
🚀 $ADA Breakout Alert!#ADA Cardano has officially broken out of its descending wedge pattern on the daily timeframe — a classic bullish signal! 📈
✅ Price has held the major support zone firmly and is now showing signs of strength and upward momentum.
🎯 Targets insight:… pic.twitter.com/kCAQP7MBdV
— Justin Wu π – Token2049 (@hackapreneur) April 24, 2025
According to Wu, the next resistance levels, or “targets in sight,” are set at $1.2797 (T1) and $1.4853 (T2), suggesting significant upside potential.
Also Read: Cardano Price Could Jump if Bitcoin Hits $100K: Arthur Hayes
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