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@sherif04

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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.
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