Cardano Price Breakout: Bull Flag Rally Forecasts 60% Rise

Soon, Cardano price might soar. A bull flag-like structure may boost Cardano's price by 60%, the expert said.

A good retest confirms Cardano's bullish momentum and break out of a bull flag. The expert said that support is holding, suggesting a rise. He said now is the moment to long ADA and collect more in this area.

ADA traders should enter at the market price and add up to $0.98, according to the expert. For this long trade, he established four objectives. Cardano might rise 50% from its present level to $1.08, $1.24, $1.36, and $1.49.

Meanwhile, the expert advised traders to set their stop loss around $0.92. CoreCrypto said this situation suggests a significant bullish Cardano price breakout. With the verified retest and solid support levels, the expert stated traders had a great chance.

Since whales are buying ADA, Cardano's price is positive. This shows that these investors believe crypto prices will rise. As crypto demand rises, whales acquired over 130 million coins, according to NewsBTC.

IntoTheBlock statistics reveals that ADA's big transactions have increased by over 5%, which bodes well for Cardano. Additionally, the ‘Net Network Growth’ measure is optimistic, indicating that investors are actively adopting Cardano.


Cardano may reach $10 in this bull run. While discussing Cardano reaching $1, he predicted. He said it's nice to see holders consolidate and redistribute now that ADA has reached this price threshold.

Gambardello thinks Cardano may rise to $5 and $10 after this consolidation and redistribution period. Sebastian, a crypto expert, believes Cardano appears promising on X. Prices may break out shortly, followed by a restest and “moon.”

According to CoinMarketCap, Cardano is trading at $1.06, up over 5% in 24 hours.


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