Cardano Falling Wedge Pattern: Analyst Predicts 100% Increase Following Breakout
Cardano may not be a top gainer in the crypto market but that does not mean that it has fallen behind and ADA has rallied....
- Cardano's native coin ADA has experienced a positive trend during the altcoin rally, going from $0.25 to almost $0.4 before correcting downwards.
- The price of ADA is currently stuck in a falling wedge pattern, identified by a crypto analyst on TradingView.
- Breaking out of this pattern could lead to a massive rally, with a price target of over $0.7 and a potential rise of 100%.
- ADA whales, large investors, have been increasing their activity on the Cardano network, with a significant increase in large transactions and transaction volumes.
The sentiment in the article is generally positive, highlighting the positive trend of Cardano's ADA, the potential for a rally, and the increased activity of ADA whales.