Cardano buyers have renewed their attempt to break out of a long-running flag pattern after rebounding from the 100-day EMA at around $0.19, pushing ADA gains over 10% in 24 hours. Six consecutive days of positive funding rates and a 24-hour trading volume of $747 million indicate growing buyer interest. A breakout above the flag’s upper bound would target $0.29, with fully diluted valuation climbing to approximately $9.95 billion. However, a failed breakout could confine ADA to its consolidation zone again.
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