Cardano Shows Potential to Break $1.50 in a Bullish Market Trend
#ADA Ready for Takeoff?
Cardano (ADA) has surged 24% in the past 13 hours, currently trading at 0.876 USDT, benefiting from the overall recovery in the crypto market + expectations of a Federal Reserve rate cut.
📊 Technical Signals
Golden Cross Approaching: The 50-day moving average is about to cross above the 200-day moving average, with similar historical trends having risen over 300%
Upward Channel: Short-term cycles maintain steady upward momentum, with ample energy
Target Price: Breaking $1 may accelerate the push towards $1.50 (potential nearly 100% increase)
Market Background
Total crypto market capitalization exceeds 4.08 trillion USDT
CPI Data Stabilizing → Rate Cut Expectations Heating Up → Altcoins Benefiting
Conclusion
With technical and news resonance, ADA is on the verge of a breakout, focusing on the $1 level!
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