 ▲ Cardano (ADA) ©Coin Leaders |
Cardano (ADA), a strong competitor to Ethereum (ETH), is preparing for a significant bullish rally with the potential to surge up to 70% after confirming a breakout of its falling wedge pattern, Pinbold reported on the 3rd (local time). time) reported.
According to the media, this technical formation, which often indicates a bullish reversal, is attracting attention in the cryptocurrency community and is predicting upward momentum for ADA.
Crypto analyst Captain Fabik highlighted the bearish wedge breakout (breakout of resistance) seen on ADA's daily chart via
Captain Pavik predicted a 72.84% surge at the upward breakout point, citing increased trading volume and positive momentum indicators supporting the upward breakout.
Pinbold said Captain Pavik's analysis highlights the importance of $0.407 and suggests significant profits could be made if that level is surpassed.
Market expert Jesse Olson also analyzed through .
“Market experts are highlighting buy signals and bullish targets on ADA’s daily chart, and network upgrades such as the upcoming Chang hard fork could boost investor confidence,” Pinbold said.
According to CoinMarketCap, as of 10:46 am on the 4th (Korean time), the price of ADA is recording $0.3961.
