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Cardano Price Is Quietly Brewing a Breakout – Is $0.80 Next?

  • Cardano (ADA) price is quietly consolidating below the $0.70 mark, suggesting a possible breakout towards $0.80 as it trades above short-term support.
  • The daily chart indicates a potential rally as ADA is attempting to reclaim the 20-day and 50-day moving averages, with Fibonacci retracement levels pointing to a resistance band at $0.72–$0.76.
  • On the hourly chart, ADA price forms a base around $0.66 with short-term bullish bias indicated by hourly candles closing above SMAs and attempting a breakout above the 200-hour SMA.
  • A bullish rally is likely if ADA can break key resistance levels, with potential short-term targets at $0.72 and $0.75 before aiming for $0.80, while support breakdown could lead to a downside towards $0.52.

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