🚀 Cardano ($ADA ) preparing to break out?
ADA is "stirring" in a symmetrical triangle, just need to break $0.925 for the target to possibly reach $1.25 (+38%). On the 4H timeframe, the cup-and-handle pattern also aims for $1.20 if it surpasses the neckline of $0.96 📈.
Adding some "spice" from derivatives: Open interest (OI) reached a record $1.95 billion, increasing by 22% in 12 days, indicating that leveraged money is flowing into ADA. Plus, expectations for a Cardano spot ETF with the approval rate jumping to 90%, many analyses even dream of the $2 mark if it decisively breaks the $1 area 🎯.
👉 This is just a fun crypto news piece, not investment advice, okay folks!