Here’s why analysts are turning bullish on ADA
Cardano (ADA) is gearing up for a potential breakout as renewed optimism in the market propels the asset toward critical resistance levels. Currently trading at $0.84, ADA has broken out of a bullish pennant pattern, with price action approaching a decisive point, as highlighted by analyst Av_Sebastian in a recent X post dated November 20. Technical analysis: Key levels and patterns According to the Analysis , Cardano’s breakout from a bullish pennant pattern indicates strong upward momentum, driven by rising trading volume and an RSI nearing overbought levels. Picks for you 3 AI crypto tokens to buy ahead for Nvidia earnings 14 mins ago Fhenix debuts upgraded Nitrogen testnet with Ethereum encryption 39 m