Cardano (ADA) Breakout Signals: Brace for 32% Rally Ahead 🚀

📈 Cardano (ADA) price is poised for a potential breakout, aiming for new year-to-date highs.

🐋 Cardano Whales' Impact: Recent data shows accumulation by addresses holding between 1 million and 10 million ADA, indicating a bullish sentiment among whales. This accumulation totaled nearly 50 million ADA worth $30.3 million, boosting their holdings to 5.79 billion ADA.

📉 Price-Daily Average Addresses (DAA) Divergence: The DAA divergence is currently signaling a sell signal as ADA's price rises while DAA drops. This divergence typically precedes short-term price rises, suggesting a potential bullish trend ahead.

🚀 ADA Price Prediction: ADA is forming a falling wedge pattern, a bullish reversal pattern often followed by a rally upon breakout. A successful breakout could lead to a 32.91% price increase, targeting $0.813. However, intensified selling sentiment could invalidate this pattern, potentially pushing ADA down to $0.500.