Top Analyst Says Cardano Is Heading in the Right Direction, Shares Next Likely Breakout Target
- Cardano is attempting to break out of a descending flag pattern.
- Analysts project ADA could reach $1.13–$1.32 if the breakout holds.
- Long-term risk models suggest the Cardano bull run may still be in its early stages.
Cardano is gaining momentum with the possibility of a breakout above a key resistance level. A recent chart suggests a bullish flag breakout that could lead to higher prices. Analyst Lucky Luciano, for instance, points to a recent chart formation indicating a bullish flag breakout that could propel ADA prices higher.
In a tweet, analyst Lucky Luciano shared a one-day chart of Cardano and noted that the coin “seems to be in the right direction.”
Analyst Luciano Spots Potential ADA Bull Flag Breakout
Luciano’s chart notably shows Cardano forming a bullish breakout pattern. ADA had been trapped in a descending flag channel for several months. This consolidation pattern formed following a significant rally in late 2024 that lifted ADA’s price from below $0.40 toward $1.32.
The chart showed ADA moving above the $0.6816 level. This move puts it above the upper boundary of the downtrend, often interpreted as a signal that bearish pressure ma…
The post Top Analyst Says Cardano Is Heading in the Right Direction, Shares Next Likely Breakout Target appeared first on Coin Edition.
Читать больше
XRP Believer Grounds $1,000 Forecast in 2017’s Parabolic 600x Price Run
Top Analyst Says Cardano Is Heading in the Right Direction, Shares Next Likely Breakout Target
- Cardano is attempting to break out of a descending flag pattern.
- Analysts project ADA could reach $1.13–$1.32 if the breakout holds.
- Long-term risk models suggest the Cardano bull run may still be in its early stages.
Cardano is gaining momentum with the possibility of a breakout above a key resistance level. A recent chart suggests a bullish flag breakout that could lead to higher prices. Analyst Lucky Luciano, for instance, points to a recent chart formation indicating a bullish flag breakout that could propel ADA prices higher.
In a tweet, analyst Lucky Luciano shared a one-day chart of Cardano and noted that the coin “seems to be in the right direction.”
Analyst Luciano Spots Potential ADA Bull Flag Breakout
Luciano’s chart notably shows Cardano forming a bullish breakout pattern. ADA had been trapped in a descending flag channel for several months. This consolidation pattern formed following a significant rally in late 2024 that lifted ADA’s price from below $0.40 toward $1.32.
The chart showed ADA moving above the $0.6816 level. This move puts it above the upper boundary of the downtrend, often interpreted as a signal that bearish pressure ma…
The post Top Analyst Says Cardano Is Heading in the Right Direction, Shares Next Likely Breakout Target appeared first on Coin Edition.
Читать больше