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Blockonomi

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Cardano Breakout Gains Speed: Is a $2 ADA Price Rally Now in Play?

  • ADA price rallies 19.5% in 24 hours, breaking from a symmetrical triangle formation.
  • Cardano reclaims 50-week EMA, historically followed by over 100% price surges, with indications toward $1.77 and $2 targets.
  • RSI and volume spikes support ADA's bullish momentum for further gains, mimicking previous rallies.
  • Cardano's current breakout suggests potential for significant upside toward $2, drawing optimism from traders amidst broader market strength.

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