{"id":24629,"date":"2024-11-29T21:00:24","date_gmt":"2024-11-29T21:00:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24629"},"modified":"2024-11-29T21:00:24","modified_gmt":"2024-11-29T21:00:24","slug":"cardano-price-breakout-bull-flag-rally-points-to-another-50-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24629","title":{"rendered":"Cardano Price Breakout: Bull Flag Rally Points To Another 50% Surge"},"content":{"rendered":"

Crypto analyst CoreCrypto has predicted that the Cardano price could enjoy a massive breakout soon enough. The analyst highlighted a bull flag-like structure<\/a> that could cause Cardano to enjoy another 50% price surge.\u00a0<\/p>\n

Cardano Price Breakout On The Horizon<\/h2>\n

In a TradingView post<\/a>, 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<\/a> and accumulate more within this range.\u00a0<\/p>\n

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<\/a> from its current level.\u00a0<\/p>\n

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.\u00a0<\/p>\n

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<\/a> over 130 million coins as demand for the crypto continues to skyrocket.\u00a0<\/p>\n

IntoTheBlock data also shows that ADA\u2019s large transactions have surged by over 5%, which paints a bullish picture for the Cardano price. Meanwhile, the \u2018Net Network Growth\u2019 metric is also bullish at the moment, meaning that investors are actively using the Cardano network.\u00a0<\/p>\n

ADA Could Rally Up To $10 In This Bull Run<\/h2>\n

Crypto analyst Dan Gambardello<\/a> 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.\u00a0<\/p>\n

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<\/a> said Cardano looks promising. He predicts that a price breakout could happen soon, followed by a restest and then \u201cmoon.\u201d<\/p>\n

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<\/a> from CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

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.\u00a0 Cardano Price Breakout On The Horizon In a TradingView post, CoreCrypto stated that the Cardano price is showing strong bullish momentum and […]<\/p>\n","protected":false},"author":0,"featured_media":24630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24629"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24629"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24630"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}