$ADA: Crypto Analyst Predicts Potential 70% Price Rally in ‘Coming Days’

$ADA, the native cryptocurrency of the Cardano blockchain, is expected to experience a significant price rally in the near future. According to renowned crypto analyst Captain Faibik, the cryptocurrency has broken out of a falling wedge pattern and is projected to surge by over 70%, reaching a value of $0.7 per token. Another analyst, World of Charts, also identified the falling wedge pattern and suggested a potential rally to the $0.8 mark. This positive outlook is bolstered by an increase in short sellers betting against ADA, which could potentially drive up prices as these positions are liquidated. Additionally, Fiery Trading published a Cardano price prediction indicating a possibility for the cryptocurrency to skyrocket to $40 per token. The recent recovery of ADA, with a 4% increase over the past week, marks a turnaround from its previous year-to-date losses of over 30%.