Cardano Targets $1.05–$1.08 After Triangle Breakout
I see ADA breaking a multi-month triangle and aiming for $1.05–$1.08 within 2–3 weeks, with the RSI near 72 confirming short-term bullish momentum.
That said, RSI is elevated and a retest of the breakout or a brief pullback is possible; manage position size and place a stop below the breakout level.
Analysis
Recommendation
I'm inclined to buy on confirmation or on a shallow pullback, keep position size moderate, use a stop below the breakout support, and target the $1.05–$1.08 zone within the next 2–3 weeks.
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.