Cardano is currently consolidating within a triangle pattern, indicating indecision in the market. A breakout from this pattern will determine the next significant move for the cryptocurrency. If there is a successful bullish breakout, Cardano could reclaim the $1.2 mark and begin an upward trend. However, a bearish breakdown could lead to increased selling pressure and delay a recovery. Based on the current market conditions, a bullish breakout is more likely. The 0.5-0.618 Fibonacci retracement range will serve as a critical support level in case of a decline. This breakout will heavily impact the market, making the current phase important for traders and investors.



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