Cardano (ADA) is eyeing a breakout, with analysts predicting a potential move to $1.35. Currently consolidating around $0.75, ADA has been forming a symmetrical triangle pattern, a key indicator of an impending price surge. If ADA manages to break past the $1.02 resistance level, a 40% rally could be in play, pushing it toward the $1.35 target.
On the downside, strong support is seen at $0.94. A break below this level could lead to further corrections, delaying any bullish momentum. Traders are closely watching these levels, as a decisive move in either direction could dictate ADA’s next major trend.
With increasing interest in Cardano’s ecosystem and improving market sentiment, ADA’s setup suggests a potential rally if key resistance levels are cleared. Whether this breakout materializes depends on broader market conditions and investor confidence. Show Less