⚠️⚠️🔥🔥Cardano (ADA) Price Prediction: Major Breakout Ahead🔥🔥⚠️⚠️
Cardano's native token, ADA, appears promising for significant upside momentum due to shifting market sentiment and price action.
Expert Price Prediction📈
A prominent crypto expert predicts ADA will break out of a bullish pennant and reach $3. This prediction gained widespread attention from crypto enthusiasts.
Current Price Momentum📈
ADA is trading near $1.10 with a 1% price increase in the past 24 hours. Trading volume rose by 5%, indicating increased investor participation.
Bullish On-Chain Metrics📈
ADA's open interest (OI) surged by 35%, indicating increased trader positions. Exchanges witnessed an outflow of $8.41 million worth of ADA, indicating accumulation by long-term holders.
Technical Analysis and Upcoming Levels
ADA has consolidated within a tight range of $1.04 to $1.11. If ADA breaches this range and closes above $1.12, it could soar by 46% to reach $1.63.
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Combining on-chain metrics and technical analysis suggests the bulls are back on track, and ADA could push higher, overcoming hurdles during the rally.