Cardano Show Started: +1,200% Against BTC Target in Sight
Description: Cardano (ADA) vs. Bitcoin (BTC) on the weekly chart has broken out of a long-term downtrend, signaling a potential trend reversal. After a prolonged decline, ADA found strong support near historical lows and surged upwards, breaking through the descending trendline with a significant increase in volume. This breakout aligns with a projected target of 0.00006437 BTC, representing a potential upside of over 1,200%. If ADA can hold above the breakout level, this move could signal a major bullish phase in the ADA/BTC pair, with further gains likely if momentum continues.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.