Cardano Eyes Major Breakout as Bullish Pattern Recalls Previous 1,600% Rally

Cardano (ADA) price is showing a bullish chart pattern that points to the potential for another major rally, according to TradingView analyst Akbar Karimzsfeh. The analyst highlighted a large green pattern on ADA’s weekly chart, with the price moving within its boundaries ahead of a potential breakout above the upper trendline. The setup follows an earlier inverse head-and-shoulders pattern that preceded a rally of approximately 1,600%. Karimzsfeh sees another major rally on the horizon if ADA breaks above its current pattern.