Cardano Breakout Potential: Is $5–$7 in Reach?

Cardano (ADA) is currently trading around $0.8981, after a recent -7.15% weekly decline, but chart patterns indicate it’s approaching a potential breakout zone. Analysts believe this is driven by increasing DeFi applications and institutional investment. 🕵️‍♂️ 📈. The asset has been consolidating within a re-accumulation phase that could trigger a new upward rally once the $1.20 resistance is broken. ⛰️.