Golden Finance reports that, according to analysis by Clifton Fx, Cardano’s latest price movement has confirmed a bullish breakout of a multi-month bull flag pattern on the three-day chart. This breakout occurred after the ADA price steadily rose from a downward trendline, and it is currently breaking through a key resistance level. From a technical perspective, such breakouts typically indicate that a strong upward trend will continue.
Clifton Fx’s current prediction is that a “100%-150% massive bullish rebound” will occur in the coming weeks. In other words, if the momentum continues, the price of ADA could rise to a range of $1.60 to $1.75. These levels were last seen during the upward movement in early 2024.
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