Cardano Forms Symmetrical Triangle as Analysts Predict 40% Price Move
Cardano (ADA) has experienced volatility, struggling to regain the $1 mark, currently trading at $0.98. Analysts are divided on its short-term outlook amid uncertainty in the crypto market.
- Technical analysis by Ali Martinez indicates ADA is forming a symmetrical triangle pattern, often signaling significant price movements.
- The resolution of this pattern could lead to a 40% price swing in either direction.
- A breakout above $1 could attract buying interest and target $1.05, while a failure to hold $0.95 may result in increased bearish pressure.
The coming days are critical for Cardano's trajectory, as traders await confirmation of the breakout direction.
