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Cardano Breaks Out Of Triangle—27% Surge Incoming?

An analyst has pointed out how Cardano is currently breaking out of a Triangle pattern, a signal that could be bullish for ADA’s price. Cardano Has Surged Beyond Triangle Resistance Line In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the hourly price of Cardano. The pattern in question is a Triangle, which forms when an asset consolidates between two converging trendlines. The upper trendline is likely to act as a source of resistance in the future, while the lower one can provide support. Just like in many other TA consolidation patterns, a break beyond either of these lines can imply a continuation of the trend in that direction. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? The trendlines being convergent means that as the price travels inside this type of consolidation channel, its range gets progressively narrower, until it compresses down to a point. There are a few different types of Triangles in TA. The most popular variants include the Ascending, Descending, and Symmetrical Triangles. In the context of the current topic, the relevant Triangle is closest to the third of these. In this pattern, trendlines converge with each other at a roughly equal and opposite slope toward a midpoint. Below is the chart shared by the analyst that shows the Triangle that Cardano was trading inside until the past day. As is visible in the graph, Cardano had been moving inside this Triangle for almost three weeks, before a break arrived in the past day. Just prior to the break, the coin had nearly approached the apex of the triangle, meaning its consolidation had turned very tight. Generally, as an asset’s range becomes narrower, a breakout becomes more likely. Yesterday, before ADA found its break, the analyst had shared the same chart for the Triangle, noting the stage was set for a move. Martinez had noted that this move could potentially be a swing to equal to 27%, based on the height of the Triangle from the lowest price bottom. The question was which direction the breakout might occur in. In Symmetrical Triangles, a breakout is equally likely in both directions. The Triangle that Cardano had been following wasn’t a perfect Symmetrical Triangle, though, as it had a slight ascending bias to it. This means that a break toward the upside may have been more probable, although only slightly. Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals This slight advantage in likelihood seems to have worked out for ADA this time, as its price has now witnessed a surge above the upper resistance line. It now remains to be seen whether this move would grow into a 27% one that the Triangle’s height hints at or not. ADA Price At the time of writing, Cardano is floating around $0.64, up more than 4% in the last seven days. Featured image from iStock.com, charts from TradingView.com CoinOtag

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Mantra (OM) Crash Stuns Investors, While XRP Eyes $15 Target & BlockDAG Unleashes a 600% Bonus

Another wild week in crypto. The Mantra (OM) crash rattled markets with a dramatic 90% value plunge, triggering confusion and heavy liquidations. Binance issued a statement, but concerns linger—especially with wallet activity revealing major token dumps just ahead of the collapse. On a more hopeful note, the XRP price is under the spotlight again as ETF chatter picks up and some analysts see it climbing to $15. Meanwhile, BlockDAG (BDAG) is making waves of its own, launching a 600% bonus using the BDAG1200 code. With more buyers rushing in, BDAG’s presale has now topped $216 million, earning it a place among the top crypto to buy right now. Mantra Crash Sends Shockwaves Across Crypto Platforms The Mantra (OM) crash caught the crypto crowd off guard, wiping out nearly 90% of the token’s value within hours. Binance quickly addressed the situation, saying cross-exchange liquidations and a sudden spike in OM supply were key reasons behind the plunge. Blockchain trackers identified 17 wallets that dumped $227 million in OM tokens just before the nosedive. The fallout left many traders in the red, with over $66 million in liquidations recorded in less than half a day. While Binance had previously flagged OM’s tokenomics and limited leverage options, those efforts weren’t enough to prevent the chaos. Even though BNB wasn’t directly affected, the Mantra crash has raised fresh concerns about transparency and the need for better safeguards in volatile markets. XRP Price Prediction Gains Steam With ETF Buzz XRP is back in focus, with a fresh round of ETF speculation adding fuel to its price outlook. Analyst Zach Rector recently argued that a $4 billion ETF inflow could potentially push the XRP price up by 597%, sending it to $15. He cited a valuation model that connects inflows with past price movements, suggesting even modest investments could make a big impact. Currently hovering near $2.07, XRP has room to grow, especially if ETF filings gain traction by the end of the year. Some remain skeptical, pointing to past rejections of altcoin-based ETFs. Still, momentum is building, especially after Brazil approved a spot XRP ETF and U.S. financial firms lined up with similar proposals. BlockDAG’s 600% Bonus Offer Draws Huge Crowds BlockDAG’s presale is heating up, and a big part of the buzz is thanks to the BDAG1200 code, unlocking a massive 600% bonus. At just $0.0248 per coin, early buyers have already seen eye-popping returns of 2,380%. That kind of growth has sparked a rush of interest, pushing the presale past $216 million. Over 19.3 billion tokens have already been snapped up, and batch 27 is moving fast. But this 600% bonus offer won’t be around forever. Traders who act now can turn a $1,000 purchase into $7,000 worth of BDAG just by using the BDAG1200 code. And if BlockDAG hits the $20 mark by 2027, as some forecasts suggest, that $7,000 could explode into $5.6 million. Even without the bonus, a $1,000 purchase would still climb to over $806,000—but let’s be real, why settle for thousands when you could be staring down millions? It’s easy to see why BlockDAG is being called the top crypto to buy right now. With each passing day, momentum builds, and the BDAG1200 code is quickly becoming the must-use entry point for anyone aiming for sky-high gains. What’s Next? The Mantra (OM) crash has left many asking hard questions about token distribution and exchange responsibility after such a steep single-day fall. Meanwhile, the XRP price continues to gain attention as hopes rise around possible ETF approval and what that could mean for a jump to $15. Amid the chaos and speculation, BlockDAG keeps attracting interest. Its BDAG1200 code is creating serious buzz, especially among those hunting for life-altering returns. With $216 million raised so far and early backers already seeing 2,380% ROI, BlockDAG is shaping up to be the top crypto to buy, especially before the bonus deal ends. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial ’ Discord: https://discord.gg/Q7BxghMVyu Continue Reading: Mantra (OM) Crash Stuns Investors, While XRP Eyes $15 Target & BlockDAG Unleashes a 600% Bonus CoinOtag