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Cardano (ADA) Price Prediction: 40% Rally Possible?

Cardano's price is consolidating in a symmetrical triangle pattern, which could lead to a significant breakout. Here are the key points:

- _Symmetrical Triangle Pattern_: ADA's price is narrowing into a symmetrical triangle, indicating a balance between buyers and sellers.
- _Potential 40% Price Surge_: A breakout above $1.06 could lead to a 40% price hike, while a breach below $0.83 support may result in significant downside risks.
- _Whale Activity_: Large investors have sold over 180 million ADA in the past week, exerting downward pressure on the price.
- _Key Drivers_: A bullish breakout will depend on reduced whale sell-offs, increased on-chain activity, and broader market optimism.

The outcome of the symmetrical triangle pattern will shape ADA's short to mid-term trajectory. External factors like macroeconomic uncertainty and Bitcoin's price movement will also influence ADA's path.