Cardano Breakout Targets $1.05–$1.08 on Strong Momentum
I'm bullish on ADA after it cleared a multi-month triangle; the breakout points to a near-term target of $1.05–$1.08 within 2–3 weeks, and the RSI around 71.96 supports bullish momentum.
I expect a possible short retest of the breakout level — volume confirmation and holding above the triangle will be important to sustain the move.
I'll size positions conservatively and use a stop below the triangle support to manage downside risk.
Analysis
Recommendation
Consider buying with confirmation of sustained breakout or on weakness near the triangle support; place a protective stop below the pattern to limit risk.
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.