Key insights reveal that ADA's price has confirmed a bullish breakout, suggesting a potential upside of 100% to 150%. Long-term holders have maintained a record 15 billion ADA for over a year. Recent analysis indicates that Cardano is breaking out from a prolonged consolidation phase, with expectations of prices doubling soon. The breakout, noted by Clifton Fx, follows a steady rise above key resistance levels, with projections indicating ADA could reach between $1.60 and $1.75 if momentum continues. In the last 24 hours, ADA has surged approximately 20%, hitting a five-month high of $0.99, reflecting renewed interest in the altcoin market. Trader_Jibon anticipates ADA may reclaim its November peak of $1.32 and the mid-2022 high of $1.63. Additionally, retail interest in altcoins is increasing, as evidenced by rising Google Trends for both 'altcoin' and 'Cardano.' This trend often precedes significant capital shifts from Bitcoin to altcoins, reminiscent of past market cycles. Read more AI-generated news on: https://app.chaingpt.org/news

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