Cardano's native cryptocurrency, ADA, has been trading sideways for the past week but is now showing signs of a bullish breakout. According to recent analysis, ADA has formed a favorable price action pattern on a smaller time frame, indicating potential upward momentum by November 29, 2024.
The anticipated breakout could see ADA's price rise substantially, offering an optimistic outlook for investors. As ADA prepares for this potential price surge, it reflects the broader market's dynamics and investor interest in the Cardano blockchain's capabilities.