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Coin Edition 2025-01-28 06:45:28

Cardano Price Set for Breakout? Prediction for January 28, 2025

Cardano consolidates within a symmetrical triangle, with analysts projecting a potential 40% price breakout. Large-scale whale sell-offs of 180M ADA tokens contribute to price pressure, stalling ADA’s upward momentum. Technical indicators show bearish momentum, but oversold conditions signal potential for a short-term bounce. Cardano price prediction for January 28, 2025, highlights the token to consolidating within a symmetrical triangle pattern, a precursor to potential volatility. Currently trading at $0.9588 , Cardano is at a critical phase, with analysts projecting a 40% price surge if it breaks above $1.06 resistance, targeting $1.27. Despite the broader crypto sell-off affecting the entire US market, Cardano’s focus on real-world applications into sustainability and traceability has kept ADA on investors’ radar. Symmetrical Triangle Pattern and Potential Breakout The symmetrical triangle pattern observed on ADA’s chart reflects a narrowing price range, often signaling heightened market pressure and potential volatility. The price is currently bounded between $0.83 (support) and $1.06 (resistance), setting the stage for a possible breakout. A… The post Cardano Price Set for Breakout? Prediction for January 28, 2025 appeared first on Coin Edition .

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