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Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets

  • Cardano has surged more than 40% from its early April lows, indicating renewed bullish interest in the altcoin space.
  • ADA is currently consolidating within a symmetrical triangle on the 4-hour chart, suggesting a potential breakout in the near future.
  • A move above $0.7730 could lead to bullish continuation towards the $0.85-$0.90 zone, while losing support near $0.6280 might trigger a broader correction.
  • Cardano's price analysis shows that it is consolidating just below key resistance levels, with a breakout likely to occur if it maintains current support levels and builds momentum.

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