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ADA Consolidates After Triangle Breakout — Watch for Pullback or Breakout

I see Cardano (ADA) consolidating around $0.93 after a strong run that peaked near $0.9990 yesterday.

Technicals show overbought readings, but bullish momentum remains intact following the multi-month triangle breakout.

I will watch price action for either a measured pullback as a buying opportunity or a clean continuation above the recent high for confirmation.

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Analysis

The breakout from a multi-month triangle and near-$1 spike indicate strong bullish conviction, but overbought indicators raise the chance of a short-term retracement. If buyers remain, continuation to...

Recommendation

Watch price action closely: consider buying on weakness into tested support or waiting for a confirmed breakout above yesterday's high for a cleaner entry; avoid chasing at current overbought levels.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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