Cardano breakout alert: Bullish symmetrical triangle forms, Dogecoin and new coin eye $1

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Cardano forms bullish pattern for $2, while Dogecoin and IntelMarkets eye $1, with INTL up 700% for early investors.

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Cardano (ADA), one of the top altcoins in the market, has formed a bullish pattern that could push it to $2. Meanwhile, Dogecoin (DOGE) and a new coin are poised to reach $1 in the coming months.

The new coin called IntelMarkets (INTL) has given early investors over 700% returns on their investments, far more than what DOGE and ADA have given investors. As a result, analysts believe it could peak above $1 before DOGE.

Cardano targets $2 after bullish pattern forms

VipRoseTr, an analyst, is expecting the Cardano coin to produce a bullish breakout in the next chart period. From the daily chart, the analyst noted that ADA has formed a symmetrical triangle. This is a bullish pattern formation, which suggests an upward movement.

Currently, the price of the Cardano token has been approaching the lower support zone at $1.059, which is a good opportunity to buy. Potential targets for the Cardano price after a breakout area $1.4594, $1.7574, and $2.0387. The Cardano coin is showing mixed sentiment on the price chart.

Data CoinMarketCap indicates its value has dropped by 4.5% on the weekly chart. However, the Cardano crypto is up 40.1% on the monthly chart. The rising relative strength index is a sign that bulls are gaining momentum. We could see a price surge soon.