CandleFocus Cardano Price Set for Breakout? Prediction for January 28, 2025
2025-01-28
Author: Content Editor
The Cardano price is consolidating within a symmetrical triangle pattern, indicating potential volatility. Analysts project a 40% price surge if Cardano breaks above $1.06 resistance, targeting $1.27. However, recent sell-offs by crypto whales have put downward pressure on Cardano. The cryptocurrency is trading below its moving averages and has weak momentum according to the RSI. The MACD suggests mild bullish sentiment but with fading buyer strength. ADA is trading close to the lower Bollinger Band, suggesting oversold conditions. The short-term outlook remains bearish, but a breakout and strong whale accumulation could drive Cardano towards its $1.27 target.
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