Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets

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Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets - NewsBTC

Quick Summary:

Despite the broader market showing strength, ADA hasn’t yet managed to break above the confluence of moving averages overhead—a necessary step to flip the market structure decisively bullish.The $0.77-$0.78 level remains the critical resistance to reclaim.

Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Carl Runefelt recently highlighted that Cardano is consolidating within a symmetrical triangle on the 4-hour chart—a pattern often preceding sharp breakouts.

The current range continues to tighten over the weekend, with volatility expected to return once a breakout direction is confirmed.A move above $0.7730 would indicate bullish continuation and potentially trigger another leg up toward the $0.85–$0.90 zone.