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ADA

Cardano Breakout Eyes $1.05 Target on Strong RSI

I see ADA breaking a multi-month triangle and targeting $1.05–$1.08 within 2–3 weeks after the breakout. The RSI at ~71.96 confirms bullish momentum, supporting the short-term upside thesis.

I remain cautious about a possible pullback after a strong move, so I'll watch volume and set protective risk limits. If momentum holds, the breakout should carry price toward the stated target.

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Analysis

The completed triangle breakout and RSI ~71.96 indicate strong short-term bullish momentum, making the $1.05–$1.08 zone a realistic near-term target; monitor volume and watch for pullbacks given the h...

Recommendation

Buy ADA on the breakout with position sizing and a stop below the triangle; consider trimming into the $1.05–$1.08 area or if RSI/daily momentum weakens.

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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