Cardano Price to $1.33 If It Confirms This Bullish Flag Breakout Soon?
The post Cardano Price to $1.33 If It Confirms This Bullish Flag Breakout Soon? appeared on BitcoinEthereumNews.com. Key Insights: Cardano price trades above $0.70 after consolidating in a range between $0.67 and $0.72 for the past week. A bullish flag pattern on ADA’s 3-day chart suggests a potential 89% rally if a breakout occurs. Coinglass data shows positive ADA funding rates since mid-April, signaling strong long-position demand. Cardano (ADA) price gained attention from traders due to technical patterns that signal a potential strong surge. The formation indicated that a substantial price increase could occur if ADA breaks through decisive levels. Cardano Price Holds Above $0.70 in Tight Weekly Range Cardano price sustained a confined trading pattern throughout the past seven days by oscillating between $0.67 and $0.72. The latest market update showed price token trading at $0.7082 while experiencing slightly positive price movement despite general market volatility. In addition, the trading activity showed traders remain undecided about future market direction. ADA experienced a 8% increase in value during the past month, yet its weekly performance shows a decline exceeding 2%. This stability above $0.70 suggests firm support from investors, particularly around the $0.65 zone, which was a critical level during previous retracements. Bullish Flag Pattern Points Toward Possible $1.33 Target Meanwhile, analyst CobraVanguard from TradingView presented a bullish continuation pattern that appeared on the 3-day ADA/USDT chart. The technical pattern showed either a falling wedge or a flag structure that formed after ADA reached its peak above $1.30 in late 2024. This upward move is referred to as the “flagpole” in chart pattern terminology. Notably, ADA price experienced a descending channel movement from January 2025 until now and reached resistance points at $1.30 and $1.10, and $0.90. It maintained support near $0.63, $0.60, and $0.56. The crypto price has not validated a breakout above the flag’s upper trendline. The analyst predicted that a successful breakout would push…
The post Cardano Price to $1.33 If It Confirms This Bullish Flag Breakout Soon? appeared on BitcoinEthereumNews.com.
Key Insights: Cardano price trades above $0.70 after consolidating in a range between $0.67 and $0.72 for the past week. A bullish flag pattern on ADA’s 3-day chart suggests a potential 89% rally if a breakout occurs. Coinglass data shows positive ADA funding rates since mid-April, signaling strong long-position demand. Cardano (ADA) price gained attention from traders due to technical patterns that signal a potential strong surge. The formation indicated that a substantial price increase could occur if ADA breaks through decisive levels. Cardano Price Holds Above $0.70 in Tight Weekly Range Cardano price sustained a confined trading pattern throughout the past seven days by oscillating between $0.67 and $0.72. The latest market update showed price token trading at $0.7082 while experiencing slightly positive price movement despite general market volatility. In addition, the trading activity showed traders remain undecided about future market direction. ADA experienced a 8% increase in value during the past month, yet its weekly performance shows a decline exceeding 2%. This stability above $0.70 suggests firm support from investors, particularly around the $0.65 zone, which was a critical level during previous retracements. Bullish Flag Pattern Points Toward Possible $1.33 Target Meanwhile, analyst CobraVanguard from TradingView presented a bullish continuation pattern that appeared on the 3-day ADA/USDT chart. The technical pattern showed either a falling wedge or a flag structure that formed after ADA reached its peak above $1.30 in late 2024. This upward move is referred to as the “flagpole” in chart pattern terminology. Notably, ADA price experienced a descending channel movement from January 2025 until now and reached resistance points at $1.30 and $1.10, and $0.90. It maintained support near $0.63, $0.60, and $0.56. The crypto price has not validated a breakout above the flag’s upper trendline. The analyst predicted that a successful breakout would push…
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