🚀 Cardano Rebounds: Is ADA Eyeing $0.40? 🚀
Cardano (ADA) has shown signs of recovery, climbing by 1.8% in the past week, and is now trading at $0.3584! 📈 The latest price movement has caught the attention of traders, and there's a buzz in the market about whether ADA could be on the verge of breaking out toward the $0.40 mark.
A key factor behind this excitement is ADA forming an ascending triangle pattern on its daily chart—an indicator that often signals a potential bullish breakout. If ADA breaks past the resistance level, a rally towards $0.40 could be on the horizon! 🔥
Additionally, increased retail interest and rising open interest further support a positive outlook for ADA's price growth. Active addresses have rebounded, suggesting renewed interest from retail investors. Meanwhile, open interest in ADA futures grew by 4.72%, a sign that traders expect more action ahead! 💰
💡 Key Levels to Watch:
Support: $0.33
Resistance: $0.40
If broader market conditions favor ADA, the $0.40 breakout might just be within reach! 🌐📊
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