Cardano Targets $1.05–$1.08 After Triangle Breakout
I expect ADA to push toward $1.05–$1.08 within the next 2–3 weeks after completing a multi-month triangle breakout.
The breakout through triangle resistance with the RSI around 71.96 confirms strong short-term bullish momentum and supports a measured move to the stated target range.
I will watch for a sustained close above the breakout and manage risk with a stop below the breakout level in case of a false break or short-term pullback.
Analysis
Recommendation
Buy on confirmation or scale in on strength, set a stop just below the breakout support, and target $1.05–$1.08 over 2–3 weeks; trim or protect the position if momentum fades.
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.