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Cardano Breakout: Triangle Pattern Could Trigger a 27% Surge
Ali Martinez analyzes the Triangle pattern on Cardano's price, with an upward breakout that could trigger a surge of up to 27%. The current price of ADA is around $0.64, up 4% in a week.

In a recent post on X, analyst Ali Martinez discusses the technical analysis (TA) pattern forming on Cardano’s hourly price. The pattern in question is the Triangle, which forms when an asset consolidates between two converging trend lines.
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🚀$IQ /USDT Breakout Alert!📈 The price of IQ/USDT has surged to 0.004496, marking an impressive +18.97% gain in just 24 hours! 🔥 The 1-day candlestick chart on Binance shows a strong bullish move after breaking above the key resistance at 0.004400, with a massive green candle reflecting high buying pressure. Trading volume has spiked to 632.348M, and 24-hour volume (IQ) reached 950.13M, indicating strong market interest. 💹
Technical Analysis:The price dipped to a 24-hour low of 0.003584 before rocketing upward, showing a 9.82% increase from that level. The 50-day Simple Moving Average (SMA) is providing support around 0.004200, reinforcing the bullish trend. However, the next resistance to watch is at 0.004600—can it break through? 📊 If momentum continues, we might see a push toward 0.005000 soon. On the downside, support lies at 0.004200; a break below could signal a pullback to 0.004000. ⚠️
Market Sentiment:The 24-hour volume in USDT terms is 3.97M, showing active trading. Posts on X suggest traders are eyeing a symmetrical triangle breakout, with some expecting a surge toward the $0.024 resistance zone in the longer term. 🧠 However, this is speculative and should be approached cautiously due to crypto market volatility.
Watchlist Action: Add IQ/USDT to your radar! 📡 Keep an eye on the 0.004600 resistance for a potential breakout, or monitor the 0.004200 support for a possible dip-buy opportunity.
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