Analyst: ADA Expected to See a Massive 150% Bullish Rally in the Coming Weeks

According to a report by Jinse Finance, analysis from Clifton Fx indicates that Cardano’s latest price movement has confirmed a bullish breakout from a months-long bull flag pattern on the three-day chart. This breakout occurred after ADA’s price steadily climbed from the descending trendline and is now breaking through a key resistance level. From a technical perspective, such breakouts typically signal the continuation of a strong upward trend. Clifton Fx currently forecasts a “large-scale bullish rally of 100%-150%” in the coming weeks. In other words, if the momentum persists, ADA’s price could rise to the $1.60 to $1.75 range. These levels were last seen during the rally at the beginning of 2024.