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Cardano ADA Breaks Bullish Flag: Could $1.40 Be the Next Target?

  • Cardano (ADA) breaks a major bullish flag pattern, signaling a potential trend reversal and upward movement.
  • ADA aims to validate its bullish strength by holding above key support levels, targeting $0.7192, $1.0490, and $1.4022 with $0.3977 as a critical support level.
  • The break in price action suggests a significant technical move for Cardano, emphasizing a confirmation of bullish setup through retesting and potential upward acceleration.
  • Traders should remain cautious of a possible invalidation of the bullish setup if ADA closes below $0.3977, which could lead to a retracement or consolidation phase.

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