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Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe

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Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe - NewsBTC

Quick Summary:

Related Reading: Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target Going by the trend of its performance within the triangle within the past six months, the next move after this support is another rally towards the upper trendline.

The recent push in the past 24 hours seems to reinforce the formation, as it potentially marks the start of a push toward the upper resistance level.  The key takeaway from this triangle formation is the potential for an explosive move once Cardano retests the upper trendline of this triangle again.

Triangle Formation Says Cardano Could Be Set For 100% Move A recent analysis on TradingView highlighted that Cardano has been trading within a triangle pattern on the daily timeframe since November 2024.

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Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 23:00:41 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26970990

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 23 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/cardano-price-could-be-set-17419070062299

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