Can Cardano ($ADA ) follow the path of BNB? Breakout on the horizon?
The crypto market is starting to show signs of recovery! With Bitcoin (BTC) returning to the $83,000 range, altcoins are also beginning to react. BNB recently jumped from an important support level and is now facing a decisive resistance.
But what about Cardano (ADA)?
ADA is forming a pattern similar to BNB, trading within a descending widening wedge. After a false breakout and a drop to $0.72, the token may now be preparing for a jump towards the resistance at $0.90.
If it successfully breaks out, $ADA may enter a new uptrend, targeting the $1.17–$1.32 range! But if it fails, a new pullback may be on the horizon.
Will ADA surprise us? Share your prediction!
Source: CoinsProbe
Warning: This content is not an investment recommendation. Do your own research and be well-informed before making any decisions.