CandleFocus

Analysts Say Cardano Has One of the Best-Looking Charts Out There

Crypto analysts are bullish on Cardano (ADA) due to its positive technical setups. Analysts Crypto Rand and Aboozar highlight ADA's bullish pennant pattern and cup-and-handle formation, respectively, which suggest a potential breakout and a target price of $2 to $3. Another analyst, Altcoin Sherpa, points out ADA's historical resilience and believes its upward momentum will continue as long as the broader market trend remains positive. Cardano is currently trading near a critical resistance level of around $1.20 and has posted a 6.8% gain, rallying from $1.03 to $1.10.

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