Last week turned out to be good for Cardano (ADA) price as it steadily climbed the charts gaining substantially.
At the time of this writing, ADA was trading near $0.7200, noting an over 12% weekly hike. This move followed a breakout above a multi-month descending wedge.
According to analyst Justin Wu, the breakout pattern contained ADA’s trend since February.
Other analysts also confirmed bullish signals for Cardano price. Resistance levels at $1.24 and $1.46 have now emerged as the new targets. Volume rose steadily, and ADA’s bullish structure remained intact on both daily and weekly charts.
Breakout Above Cardano Price Multi-Month Wedge Confirmed
Analyst Justin Wu noted that Cardano price broke out of a descending wedge pattern between April 11 and 12.
This wedge has capped ADA’s gains at $0.065 for more than two months. At the same time, the top altcoin created lower highs and lower lows, which can be seen as a textbook consolidation.
Source: Justin Wu, X
Aft
We współpracy z: https://www.thecoinrepublic.com/2025/04/28/cardano-price-prediction-1-46-possible/
