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BITStar2

09/06 10:42

Cardano Price Hints at Major Breakout

Cardano Price HintsCardano (ADA) is currently trading around $0.828. ADA has been forming a falling wedge pattern, which historically signals explosive upward moves. Market analyst Javon Marks recently highlighted that this exact setup has preceded Cardano’s biggest rallies in past cycles.

The most important level for ADA right now is the $0.80 support zone. As long as the price holds above this point, there is a strong chance for a push toward the $0.88–$0.90 resistance range. If Cardano price manages to close above $0.9850, the next target will be around $1.24, which could mark the start of a much larger move toward $2 in the coming months. at Major Breakout1000056223

Interestingly, Santiment reported that crowd sentiment around Cardano has dropped to its lowest in five months, even though ADA has gained 5% over the last three weeks. Despite the near-term uncertainty, many traders see this as an opportunity to buy while Cardano's price remains below $1.
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