Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge

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Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	18,497,299,516	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

18,497,299,516

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.006239	3.01%	0.2136	0.2136	0.213601

Price Change

Price Change %

Current Price

Bid Price

Offer

0.006239

3.01%

0.2136

0.213601

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.214088	0.203487	0.207361	0.207361	0.077142 - 0.224875

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.214088

0.203487

0.207361

0.077142 - 0.224875

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	16:55:43	150.00	0.2136	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

16:55:43

150.00

0.2136

USD

Price x Volume	Volume	Base Symbol	Related Pairs
871,121.11	4,167,063.46	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

871,121.11

4,167,063.46

Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge

29/11/2024 9:00pm

NEWSBTC

Crypto analyst CoreCrypto has predicted that the Cardano price could enjoy a massive breakout soon enough. The analyst highlighted a bull flag-like structure that could cause Cardano to enjoy another 50% price surge. Cardano Price Breakout On The Horizon In a TradingView post, CoreCrypto stated that the Cardano price is showing strong bullish momentum and is breaking out from a bull flag-like structure, with a successful retest confirming this move. The analyst added that the support is holding firm, signaling a potential rally ahead. In line with this, he stated that now is the time to long ADA and accumulate more within this range. Related Reading: Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale For those looking to trade ADA, the analyst stated that the entry range is at the current market price and that they could add up to $0.98. Meanwhile, he set four targets for this long trade. The first target is $1.08, the second is $1.24, the third is $1.36, and the fourth is $1.49, meaning the Cardano price could enjoy up to a 50% surge from its current level. Meanwhile, the analyst told traders to put their stop loss at $0.92. As to why this analysis matters, CoreCrypto stated that this setup points to a decisive bullish breakout for the Cardano price. With the confirmed retest and strong support levels, the analyst said it looks like an excellent opportunity for traders. The Cardano price undoubtedly boasts a bullish outlook, especially since whales are actively accumulating ADA. This indicates that these investors are bullish on the crypto and expect future price increases. NewsBTC recently reported that whales bought over 130 million coins as demand for the crypto continues to skyrocket. IntoTheBlock data also shows that ADA’s large transactions have surged by over 5%, which paints a bullish picture for the Cardano price. Meanwhile, the ‘Net Network Growth’ metric is also bullish at the moment, meaning that investors are actively using the Cardano network. ADA Could Rally Up To $10 In This Bull Run Crypto analyst Dan Gambardello has predicted that the Cardano price could rally up to $10 in this bull run. His prediction came as he discussed Cardano crossing the $1 milestone. He stated that now that ADA has crossed this price mark, it is great to see a consolidation and redistribution among holders. Related Reading: Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000 Once this consolidation and redistribution phase is over, Gambardello believes that the Cardano price can focus on its rally to $5 and then $10. In an X post, crypto analyst Sebastian said Cardano looks promising. He predicts that a price breakout could happen soon, followed by a restest and then “moon.” At the time of writing, the Cardano price is trading at around $1.06, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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