Cardano Primed for 150% Surge as Flag Breakout Looms—Analysts Bullish

Cardano (ADA) is flashing bullish signals that could send it soaring—if traders play their cards right.

Technical analysts spot a textbook 'flag breakout' pattern forming on ADA charts, historically a precursor to violent upside moves. The target? A 150% rally from current levels.

Market watchers note ADA's consolidation phase mirrors previous accumulation periods before parabolic runs. 'This isn't hopium—it's math,' quips one chartist, pointing to Fibonacci extensions lining up with the projected move.

Of course, in crypto, even the prettiest patterns can get rug-pulled by whales looking to liquidate overleveraged retail positions. But for now, the algos are leaning long.

As one hedge fund manager dryly observes: 'When the charts say 'buy,' but your risk manager says 'run,' that's when you know you're in crypto.'

• Cardano price has been predicted to surge by over 150% based on a bullish upside breakout.
• The token has also seen continued interest from investors and traders alike due to the possibility of launching an ETF.

Cardano (ADA) has flashed a very significant bullish signal on the 3-day timeframe. The token has shown a potential sign to break out after months of consolidating, and analysts have predicted that this potential breakout could possibly surge the token’s price to over 150%.

Cardano’s Next Possible Price Leg 

Earlier on, Clinton_Fx, a technical analyst on X, shared a chart suggesting Cardano has a 100%-150% potential rise.According to the chart shared, the breakout pattern was confirmed with a bullish upside breakout. This powerful chart pattern is often seen before explosive price rallies, further emphasizing the analyst’s massive upside prediction in the coming weeks. 

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There’s also a possibility that if cardano keeps up with its current momentum, the price could possibly climb to around $1.60–$1.75, a range it last reached during the early gains in 2024.

This optimistic view comes after the strong rally the token had within the last 24 hours, where ADA outpaced most major cryptocurrencies. Within the last 24 hours, the token has risen by over 3.3%, pushing its price to $0.90, and within the last 30 days, it has seen a 23.3% increase. 

Simultaneously, Tronweekly covered another Cardano price prediction that suggested that Cardano could possibly hit $1 if there’s continued whale interest in the token.

According to the details shared, it was seen that whales had positioned themselves with about $200 million in buys ahead of a possible ETF approval. The ETF, which has a 75% chance of coming to life, has raised the hopes of many interested investors in the next leg of the token.

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