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Cardano price forecast – price breaks out! Are we near $1.5 soon?



 In our last Cardano price prediction , we wrote that the price could break out soon. The reason for this was a symmetrical triangle. This triangle was performed after the crash, so we expected the price to break down. But now the course has broken out of the triangle in a bullish manner. But how far could the course rise or what is the goal? Today we will explain to you about the Cardano course!


Cardano price broke out of the triangle and was able to rally to the $1.19 resistance. We tested this resistance, and a short time later the price was sold off. The triangle's target was around $1.23, so we now believe the price has completed the target. As a result, we no longer expect a further increase. Instead, the price could now descend and possibly form new lows.



If the price breaks the $1.19 resistance, the price could rally to around $1.5. There is the next resistance where the Cardano price could bounce.


If Cardano price fails to break the $1.19 resistance, we would expect the price to drop back to $1 again soon. If the $0.95 – $1 support zone fails to hold, the Cardano price could drop to $0.40. There is the next support due to the extreme rise.

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