CandleFocus Cardano (ADA) Price Leaves Triangle, 40% Move in Cards?
2025-01-31
Author: Content Editor
Cardano (ADA) is currently in the final phase of its consolidation, according to cryptocurrency trader Ali Martinez. He predicts that ADA will soon exit a symmetrical triangle formation, which typically indicates a strong price move is incoming. If this forecast plays out, ADA could experience a 40% price increase, potentially reaching $1.40. The last time ADA traded at that level was in December 2021. Despite the altcoin season lagging behind, Cardano's ecosystem has been implementing upgrades to support its progress toward decentralization, including the recent Plomin hardfork. The Cardano DeFi ecosystem also shows moderate growth, with a TVL of $485 million.
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