Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA

Quick Summary:

Crypto analyst Captain Fabik points to the confirmed Falling Wedge Breakout on ADA’s daily chart, with the token surpassing the crucial $0.407 price mark on Tuesday.  Fabik predicts a bullish rally of approximately 70% for ADA in the coming months, envisioning a price around $0.704, just below the yearly high.

Related Reading: Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price Echoing this sentiment, optimistic users anticipate a solid bullish rally for ADA, expecting a move toward the $0.80 mark shortly, citing the formed Falling Wedge pattern.

Market expert Jesse Olson highlights the pending buy signal on the daily chart of ADA, accompanied by bullish targets set for the token.  Indicators signaling this bullish sentiment include a bullish divergence, a buy signal on the Relative Strength Index (RSI), and a bullish crossover on the Moving Average Convergence/Divergence Indicator (MACD).

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Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: United KingdomMali

Topics: Adausd Cardano ADA price ADA price analysis Cardano (ADA) Price ADA Price Prediction Cardano analysis Latest Cardano News ADA news ADA Cardano ADA performance Cardano news ADA price chart Cardano ADA ADA Cardano (ADA) Price Analysis ADAUSDT

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 07:00:41 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 73 lines

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Copyright Owner: © NewsBTC

News ID: 21468893

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