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Crypto analyst Investing Broz has spotlighted Cardano (ADA) as one of the most promising altcoins currently breaking out amid a shifting macro landscape and rising Bitcoin valuations. In his latest video update, the analyst identified ADA’s recent technical breakout as a clear sign of bullish momentum, forecasting a price target of $1.90 in the coming weeks if momentum holds.
Cardano Bull Run Is Back On
Investing Broz began the segment by reiterating the broader context: Bitcoin’s explosive rally above the $120,000 mark has reignited speculation around the arrival of altseason. “This is just one more egg in the basket of potentially altcoin season coming very soon,” he noted, citing Bitcoin dominance breaking below a critical support level and altcoins “going berserk.”
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Among the altcoins leading the charge, Cardano stood out. The analyst confirmed that he purchased ADA in the past 24 hours, identifying the move as more than just opportunistic. The trigger? A confirmed breakout above a long-standing resistance level that ADA hadn’t pierced since March 1. “This is a major win for Cardano holders who are trading it,” he said, explaining that a falling wedge pattern had been developing for weeks and now signaled a shift in trend.
Investing Broz’s trading group had initially positioned long at $0.54, with a modest target of $0.80. But as he emphasized, “Cardano is not just breaking above the smaller resistance level—we’re breaking…
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