ADA falls 4.7% forming a triangle pattern, institutional interest increases, target price 0.86-1.12 USD

[Crypto] The trading price of Cardano's ADA token is approximately $0.64, having fallen 4.7% in the last 24 hours, forming a symmetrical triangle pattern, with the resistance level around $0.73. The potential target price after a breakout could be $0.86-1.12, while falling below $0.61 may lead to a drop to $0.50. With ADA being included in the S&P Digital Market 50 Index, daily trading volume surpassing $1 billion, and Whale users increasing their holdings by 140 million ADA within three days, institutional investor interest is growing. The ADA network continues to expand, boasting 2.5 million active Addresses, and the Mainnet is also advancing at midnight, but analysts warn that regulatory changes could impact the turbulent crypto market.

ADA-5.41%
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