Cardano Price Prediction: ADA Prepares to Break Out of Descending Channel Pattern – Is $100 ADA Next?

Key Points

1. Cardano's price surged 15% in 24 hours, reaching $0.7185, with a market cap of $25.4 billion and $1.7 billion in trading volume.

2. Analysts project ADA could reclaim $1 and potentially reach $3 in the medium term, with an ambitious long-term target of $100.

3. ADA broke above the upper resistance trendline of a falling wedge pattern, showing bullish momentum from key Fibonacci retracement levels.

4. Bitcoin Hyper (HYPER), a new Layer 2 project for Bitcoin, is gaining attention with a 349% APY presale, attracting $2.37 million in investments.

5. Technical indicators suggest ADA could target resistance levels at $0.9989 and $1.2164 if bullish momentum continues.