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ADA Breakout Imminent? Cardano News Today Signals Bull Run!

  • Cardano (ADA) price is poised for a breakout after consolidating, closing at $0.78482 today with a 3.3% gain.
  • ADA price reclaimed moving averages and faces resistance at the 100-day SMA at $0.79913 on the daily chart.
  • Immediate resistance levels for ADA are $0.80 and potential targets are $0.86–$0.88, supported by strong moving averages.
  • The Fibonacci retracement and risk-reward analysis suggest a bullish outlook for ADA with a potential target of $0.86.

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