Cardano is anticipating a breakout above $1.19 - wouldn't that be something special?
ADA is flirting with a breakout, and if it surpasses the $1.19 - $1.20 area, things could get exciting.
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The latest chart for Cardano shows that the bullish structure is still intact - but it's not a runaway train yet. The price is stuck in consolidation below strong resistance in the $1.19 - $1.20 area. A successful breakout and stability above $1.1888 could open the door to higher highs - potentially towards $1.33 thereafter. At the same time, the supportive floor around $0.74 looms large. Slipping below that could crush the current structure and invite larger losses. The Relative Strength Index is in a neutral position; the MACD indicator shows slight positivity, but momentum appears weak. It's a kind of range-bound movement where patience outweighs impulsiveness. So, yes, ADA still looks bullish from a technical standpoint - but only if those lines at $1.19 - $1.20 are broken. If that doesn't happen, this could turn into a false breakout. Keep an eye on trading volume. That's where the real signal will come from.
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If Cardano can gather the volume to push above $1.20, a new rally may follow - or this quiet drift may end in neglect.