Cardano’s Bullish Potential: Could a Similar Breakout Pattern Form?

The cryptocurrency market experienced a recent pullback after Bitcoin reached a record high of $126,000 before sliding back to around $121,000. Ethereum also dropped over 5%, creating short-term pressure on other altcoins including Cardano (ADA). Despite this decline, Cardano’s latest technical data reveals a potential bullish setup reminiscent of Binance Coin (BNB) and its historic breakout rally.