Cardano (ADA) is potentially on the verge of a breakout above the $1.50 resistance level, indicating a major rally.
Analysts predict that if Cardano replicates its past bull cycles, it could surge towards $2.50, representing a 250% increase from its current valuation.
Whales have accumulated over 420 million ADA tokens, indicating growing confidence from institutional investors and reinforcing the bullish sentiment around ADA's price movement.
With technical indicators aligning and historical price patterns repeating, Cardano's breakout above $1.50 resistance level is anticipated, potentially leading to an extended rally towards $2 and $2.50 in the coming months.