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ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal

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Summary
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73% Informative

The Cardano price is showing bullish signals as analysts identify a potential double-bottom pattern on its weekly chart.

$ 0.70 as a key support level, which, if maintained, could drive the altcoin price toward the $ 1.00 mark.

The pattern reflects a period where the price has tested a lower boundary twice, signaling that buyers are stepping in at key support levels.

ADA whales have remained confident by buying 40 million ADA , which indicates that institutional investors are beginning to invest.

VR Score

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English

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