Cardano (ADA) Price Eyes Breakout With $1.60 Target, But Smart Money Keeps Backing Unilabs

The Cardano price has been gaining momentum in the last weeks, rallying to the $0.9300 range. As bullish momentum increases and the open interest rises to a 7-month high, analysts have identified a breakout signal that will see Cardano price soar to $1.60.

Despite the bullish outlook for ADA, it is the new Unilabs (UNIL) that smart money investors have been buying this month. With a platform designed to bring institutional-grade AI investment tools to common investors, analysts believe that UNIL could see Dogecoin-like gains this year.

Cardano (ADA) Open Interest Hit 7-Month High, Could Rally Soon

After a slow start to this year's bull market, the Cardano price is finally beginning to pick up the pace. Per CMC's data, the price of Cardano has increased by more than 20% on the weekly timeframe and has now recovered above the support level at $0.9300.

The surge in Cardano price has also been backed by a steady increase in open interest (OI). According to Glassnode, the OI of Cardano has now pumped to its highest level in more than seven months and now stands at $1.13 billion. This is an indicator of the rising speculation and the idea that the Cardano price may rise in the near future.

Also, the Chaikin Money Flow (CMF) has crossed above the zero-signal line and which indicates that buying power is stronger than the selling power. With the growing momentum, Toknex_xyz has identified the $1.01 resistance as the next major hurdle for the Cardano price.

The analyst believes that if the price of Cardano can clear this resistance, then it has a freeway to the $1.23 resistance. However, the technical setup of the Cardano price chart shows no major resistance level between this level and $1.60, meaning that $ADA could increase by more than 70% from its current price.

Dogecoin (DOGE) Gears up 40 Percent Gain: Can It Reach $1?

In contrast to other bull runs, the Dogecoin price has failed to recreate its blistering surges this year. According to the data provided by CoinMarketCap, Dogecoin has suffered more than a 30% decrease in value year-to-date, whereas other top altcoins like Cardano are in profit.

However, the Dogecoin price appears to be on track for a big move soon. As recently reported by crypto analyst Ali Martinez, the Dogecoin price is currently consolidating in a symmetrical triangle formation, which is traditionally a precursor to massive breakouts.

According to Martinez, the Dogecoin price is preparing for a 40% move should it break out of the symmetrical triangle pattern. Pointing to the monthly Dogecoin price chart, Trader Tardigrade told X that DOGE has established its foundation, and it is time to expect the next bull run.

Both CryptoSurf and Cryptollica have predicted that this rally may, for the first time, take the price of Dogecoin to a level greater than the $1 mark. The secret behind Dogecoin is its breakout pattern that it creates with every bull market.

Unilabs (UNIL) Becomes the Hub for Smarter Wealth Building

In a world where traditional finance continues to grow, Unilabs (UNIL) is at the forefront. It unites AI and DeFi to allow people to make more intelligent and correct investment decisions. As the global AI market is projected to reach over $1 trillion by 2029, the presence of AI in financial markets is also growing, and Unilabs is prepared to make the most of it.

Unilabs is not just another DeFi project. In the conventional financial systems, such as Schwab, market forecasts and corrections are made by human analysts. Nevertheless, Unilabs employs predictive models powered by AI to track thousands of data points and make investment decisions and find the best cryptos to buy 24/7.

This portfolio management provides a level of automation that reduces risks and maximizes returns, making it perfect for both seasoned investors and beginners. With its unique AI Market Pulse, Unilabs also gives users a chance to access emerging crypto projects before they go mainstream. This advantage sets it apart from other top DeFi projects.

With massive momentum rising for Unilabs, it has just entered the seventh phase of its crypto ICO. It has more than $13.9 million in funding, and its UNIL coin trades at $0.0108. If its market cap reaches $300 million, the value of the DeFi coin may soar past $0.1. So, investors looking for a smarter, AI-driven wealth-building project that empowers users to succeed can consider Unilabs.

Is UNIL a Better Crypto To Buy Than SOL and DOGE?

Solana and Dogecoin might have made their names in the crypto market, but the emerging Unilabs has the attention of every smart investor. While the Solana price may see some increases, Unilabs will not only outperform SOL, but it will also provide investors to find great investment opportunities early.

Find out more about the Unilabs (UNIL) Presale Today:

Website: https://unilabs.finance/

Telegram: https://t.me/unilabsofficial