#Cardano

Trade ADA now . . Strong bullish sentiments❤❤❤❤$ADA

𝘼𝘿𝘼 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣: 𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙎𝙚𝙚𝙨 $4 𝙏𝙖𝙧𝙜𝙚𝙩 𝘼𝙨 𝙒𝙝𝙖𝙡𝙚 𝘼𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝘾𝙤𝙤𝙡𝙨 𝙖𝙣𝙙 𝙈𝙞𝙙𝙣𝙞𝙜𝙝𝙩 𝘼𝙞𝙧𝙙𝙧𝙤𝙥 𝙃𝙮𝙥𝙚 𝙃𝙚𝙖𝙩𝙨 𝙐𝙥

Cardano shows renewed growth through its 3.5% price increase to $0.7513 during the last 24 hours. The Cardano price surge can be attributed to increased community interest stemming from the Midnight airdrop and the $71 million investment for network growth. With multiple events converging, Cardano (ADA) is now in a zone where significant price shifts could take shape.

Smith, a market analyst on X, highlights that ADA is developing a long term cup and handle pattern. The pattern started developing in 2022 and has approached its completion with resistance situated around $0.90 and $0.93. The analyst predicts that a breakout above this level may see a sudden upward rally that could also reach up to the $4.00 target.

Price has also remained tightly bound within the $0.60–$0.90 zone for over a year, allowing it to build a reliable base. This continued ‘sideways move’ has served to reduce the over-enthusiastic volatility and it has swept away any weaker hands.

When the price breaks above the neckline, the short-term traders might also jump on board, bringing more upward pressure. Such patterns tend to cause long-term runs when validated with both price and volume. Based on this structure, the current ADA price prediction points to a possible breakout if the $0.93 resistance is cleared with strong buying pressure.

As long as buyers continue to put pressure on, and volume picks up, then ADA may accumulate enough force to break through the neckline in the next few days. Otherwise, further sideways trading may prevent a breakout from happening and keeps the market in a wait-and-see situation.