Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge

Quick Summary:

The analyst highlighted a bull flag-like structure that could cause Cardano to enjoy another 50% price surge.  Cardano Price Breakout On The Horizon In a TradingView post, CoreCrypto stated that the Cardano price is showing strong bullish momentum and is breaking out from a bull flag-like structure, with a successful retest confirming this move.

Meanwhile, the Net Network Growth’ metric is also bullish at the moment, meaning that investors are actively using the Cardano network.  ADA Could Rally Up To $10 In This Bull Run Crypto analyst Dan Gambardello has predicted that the Cardano price could rally up to $10 in this bull run.

He stated that now that ADA has crossed this price mark, it is great to see a consolidation and redistribution among holders.  Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Once this consolidation and redistribution phase is over, Gambardello believes that the Cardano price can focus on its rally to $5 and then $10.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto Adausd ADA Cardano price Crypto analyst ADA news Analyst Cardano news ADA price Cardano ADAUSDT Crypto news

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 21:00:24 (12 hours ago)

News Timezone: GMT +8:00

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Language: English

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