🚀 Cardano Poised for a 60% Upsurge — Recent Upgrade Sparks Rally? 🔥
@Succinct
) looks ready for a significant 60% gain as experts focus on a breakout above \$1.20, showing resilience despite recent market volatility. A recent important network upgrade might provide the extra boost needed to strengthen the upward trend.
The pattern forming resembles a falling wedge: ADA surpassed resistance earlier this year, then pulled back for consolidation, and now seems set for a strong upward move. Breaking out now could trigger a prolonged bullish phase, with prices potentially reaching \$2.90, representing over 260% growth from current levels.
Adding weight to this outlook is Cardano’s active and enthusiastic community — ranked as the second most optimistic in the crypto space. With growing momentum around upgrades and expanding the ecosystem, market sentiment remains upbeat.
Currently, ADA is trading around \$0.80, rising 30% in the last month and 11% in the past week. However, daily trading volume has dropped 31%, signaling possible short-term volatility.
Key Levels to Watch:
* Immediate breakout point: \$1.20
* Longer-term target: \$2.90