The cryptocurrency Cardano (ADA) is currently in a consolidation phase within a triangle pattern, with significant support at the 100-day moving average. Despite a recent rejection at the upper boundary of the pattern, ADA is expected to maintain its bullish consolidation and potentially break out above the $1.2 level. However, if support at $0.85 is not maintained, a bearish breakdown could occur, delaying a recovery. On a shorter time frame, ADA is currently in a consolidation phase within an expanding wedge pattern, with price fluctuations occurring above certain Fibonacci levels. A breakout from the range of $0.85-$1.2 will determine the next major move for Cardano.



Other News from Today