ADAUSDT is orbiting the major $0.6000 shelf inside a fading down-channel. A lift through 0.63-0.64 would flip short-term momentum and open a swift path toward the mid-$0.70s, while a daily close below $0.58 cancels the run-up thesis 📈Trade active
ADA – COILING FOR A BREAKOUT📈 Cardano is currently consolidating within a large symmetrical triangle, a pattern that signifies a period of equilibrium before a significant price move. The price action is becoming increasingly tight, which indicates that energy is being stored for an imminent and explosive breakout. A decisive close above the upper trendline of this triangle will serve as a powerful bullish confirmation, likely unleashing a wave of buying pressure and propelling the price towards targets measured from the triangle's height.
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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.