Cardano (ADA) has the potential for a bullish breakout according to several fundamentals and technical patterns. The coin has entered the fourth phase of the Elliott Wave pattern and could climb to the 61.8% Fibonacci level at $2, indicating a potential 110% increase from its current price. ADA has also formed a triple-bottom chart pattern and a bullish pennant pattern, suggesting a strong breakout may occur soon. There are several catalysts that could drive the price higher, including the possibility of a Cardano ETF approval and sustained demand in the futures market. Additionally, the upcoming launch of Midnight and integration with BitcoinOS may benefit ADA's price.



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