🔥Top Crypto Trader Predict Cardano (ADA) Price Set To Skyrocket to $0.7

📈 Cardano (ADA) to Hit $0.7

Crypto trader Captain Faibik highlighted a technical pattern on Cardano’s (ADA) daily chart, suggesting a breakout could rally to $0.7 soon. This aligns with the upcoming Chang Hard Fork, as ADA recovers from recent declines.

📉 Falling Wedge Pattern

According to Faibik, the Falling Wedge on ADA’s chart indicates decreasing selling pressure and potential for an upside breakout. This pattern often signals a trend reversal, with a breakout above the upper trendline confirming bullish momentum. ADA could rise to $0.7, aligning with the positive outlook for the Chang Hard Fork.

🚀 Upcoming Chang Hard Fork

The Chang Hard Fork, announced by the Cardano Foundation on June 27, aims to improve Cardano's governance and decentralization. This involves changes, upgrades through hard forks, and transparent operations to build trust and support innovation in the Cardano community.

📊 Cardano Price Analysis

Recent CoinGlass data shows ADA Futures Open Interest up 4% to $220.38 million. Cardano’s price rose 1.85% to $0.3955, with trading volume increasing by 25% to $328.63 million.