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