Cardano Breaks Out of Wedge, Eyes Bullish Targets: Justin WU

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Cryptotimes2025/04/24 22:44

By:Jahnu Jagtap

Crypto influencer Justin Wu, a former Pi Network core team member and now known for his trading insights at Token2049, has issued a bullish breakout alert for Cardano (ADA).

In a recent post on X , Wu highlighted that ADA has officially broken out of its descending wedge pattern on the daily chart.

Such breakouts are often seen as a classic bullish reversal indicator. He added that ADA’s price has held firm above a key support zone and is now showing strong upward momentum.

🚀 $ADA Breakout Alert! #ADA Cardano has officially broken out of its descending wedge pattern on the daily timeframe — a classic bullish signal! 📈

✅ Price has held the major support zone firmly and is now showing signs of strength and upward momentum.

🎯 Targets insight:… pic.twitter.com/kCAQP7MBdV
— Justin Wu π – Token2049 (@hackapreneur) April 24, 2025

According to Wu, the next resistance levels, or “targets in sight,” are set at $1.2797 (T1) and $1.4853 (T2), suggesting significant upside potential.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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