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Cardano (ADA) Breaks Out of Falling Wedge, Eyes 60% Rally Toward $1.16
As of April 25, 2025, the Cardano price has officially broken out of a falling wedge pattern, potentially paving the way for a significant 60% rally towards $1.16.
The breakout occurred on April 23, 2025, when ADA traded near $0.62. As of today, it has reached $0.7215, which is a whopping 16% increase. Furthermore, this recent surge pushed the cryptocurrency above its 50-day exponential moving average (EMA), now at $0.6856. This further bolsters the bullish outlook.
The volume surged to an impressive 9.56 million on breakout day, indicating strong interest in ADA. Additionally, the Relative Strength Index (RSI) is currently standing at 61.47, which is well above the neutral 50 mark but below overbought conditions.
Source: https://coinchapter.com/cardano-ada-breaks-out-of-falling-wedge-eyes-60-rally-toward-1-16/
