Cardano coils like a vipping strike ready. A possible bull flag top the chart signaling a surge past important resistance. Does ADA manage to break free? Lucky Luciano, the crypto analyst, saw a coiled spring pressuring a powerful upward thrust for Cardano. Keep your eyes peeled- that would be the moment ADA starts flying.
The crypto analyst Lucky Luciano caught an interesting spark in Cardano’s charts; Join him, viewing a one-day chart looking up: “Seems to be in the right direction.” Is this the ushering of a new ADA rally?
Analyst Luciano Spots Potential ADA Bull Flag Breakout
Cardano is positioned for the bullish breakout, as per Luciano’s observation. After spending long months getting stuck in a downward flag, ADA seems to have it in her to get away. Remember that late-2024 rocket ride? ADA exploded from below $0.40 into a maximum price of $1.32. This coiled spring could unleash yet another mighty bull run.
GAINING ALTITUDE! ADA breached the resistance at $0.6816, essentially breaking free of its downtrend. A convincing 4.5% surge injected more bullish energy, which sent ADA cruising toward $0.7121, as if saying, the bears are finally backing down. Is the sunrise thus lighting a new upward trend?
ADA is very close to a possible surge! Technicals here are saying the level area targets are between $1.13-$1.32. This bullish outlook, therefore, is coming from mirroring the momentum seen in the previous upmove and expecting a very big jump after the breakout of the bull flag formation. Stay alert!
Related: Cardano (ADA) Price Prediction for May 9: Can Bulls Hold Above $0.70?
The breakout feels thrilling, but history could just be throwing in a word of caution. Between $0.31 and $0.40, there lies a fortress of past capital support. Can you recall when was ADA’s previous launch from the very depths? This zone could be a support for us in case the present surge would want to rest.
Gambardello Risk Model: Cardano Bull Market “Hasn’t Even Started”
Crypto analyst Dan Gambardello dropped a bombshell: Cardano (ADA) is flashing a “Moderate Buy” signal, with its long-term risk level chilling at a chilly 37. Gambardello has identified two past ADA explosions in the risk chart: one in late 2017 and the other in early 2021, both occurring after similar low-risk periods. Is history about to repeat itself?
Related: SUI Flips LINK, Sets Sights on Half of Cardano Market Cap as Price Continues Ascent
Picture a big bull charged up and ready to rear back in excitement for Cardano. One model is blinking a crimson arrow toward the skies, a sign of a looming breakout. Adding fuel to the fire, analyst Gambardello states, “The Cardano bull market hasn’t even started!” Is ADA going to explode and make historic gains all over again? Buckle up.
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