ADA’s Technicals Suggest Bullish Breakout to $1.20

Cardano (ADA) is showing promising signs, with recent technical indicators suggesting a potential breakout towards $1.20. The cryptocurrency has recently emerged from a falling wedge pattern, supported by increased trading volume, and is trading comfortably above the 20-day simple moving average ($0.77). Analysts at ETHNews believe this bullish momentum could continue, pointing to potential targets of $1.20 if market sentiment holds strong. 24-hour trading volume for ADA stands at a healthy $1.31 billion.