The price of Cardano (ADA) has surpassed key resistance levels and formed a bullish falling wedge breakout. The altcoin has experienced a massive intraday surge of 11.77% for two consecutive days, suggesting a potential breakout rally. With the bullish momentum, ADA has broken through the critical $0.80 resistance and may push toward the $1 psychological mark. The ADA price trend reveals a short-term resistance trendline, but a long-standing support trendline has helped regain bullish strength. The falling wedge pattern and positive indicators like MACD and DMI suggest a target price near $1.11, representing a potential rally of over 40%. The key support for Cardano is at $0.16.



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