Cardano ($ADA )

is exhibiting a bullish pattern reminiscent of its 2021 surge, suggesting a potential rally towards $13. This projection is based on a recurring bull market fractal that previously led to significant price increases. Additionally, a notable 323% spike in ADA/JPY trading volume indicates growing interest from Japanese investors, further supporting the bullish outlook.

Currently, ADA is trading at approximately $0.77, with an intraday high of $0.83 and a low of $0.77. The recent 14.1% price increase and a $4.64 billion rise in market capitalization over the past week underscore the strengthening momentum.

If the historical pattern repeats, ADA could experience significant gains, with key Fibonacci extension levels suggesting potential targets at $4.87, $13.62, and even $38.05 in the long term.

Investors should monitor these developments closely, as the combination of technical patterns and increased trading activity may signal a substantial upward movement in ADA's price.

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