Cardano ($ADA) is consolidating within a symmetrical triangle pattern on its price chart. Analysts believe that a breakout from this pattern could trigger a price movement as large as 40%. The cryptocurrency has been testing the upper and lower bounds of the triangle, indicating a narrowing range and the potential for a major move. If Cardano breaks above the $1.05 resistance, analysts predict a target price of around $1.45. Cardano's focus on scalability, sustainability, and interoperability, as well as its growing ecosystem and adoption in the decentralized finance space, support the potential breakout. The cryptocurrency's strong fundamentals and environmentally friendly practices position it for significant growth if the breakout occurs.



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