Cardano’s Bullish Momentum Gains Traction
Cardano (ADA) is showing early signs of a bullish trend. The $0.50 level, once a resistance, is now providing strong support. If this holds, ADA could surge to $1.13 and beyond.
After a long period of consolidation, Cardano is poised for a meaningful move. The $0.50 zone, previously a barrier, has become a crucial support level. Traders are watching to see if ADA can break through the $1.13 resistance, which could lead to a larger rally.
- $0.50 Support flip: Former resistance now acts as strong support.
- Major Resistance: Breaking $1.13 is key for continued bullish momentum.
- Bullish Structure: A higher high has formed, with a potential higher low developing.
over the past few weeks,ADA has consistently held the $0.50 level. This zone has been tested multiple times and has proven resilient on both daily and weekly charts. This suggests that buyers are confident and stepping in to support the price.
The market structure has also shifted positively. ADA has recently formed a higher high, indicating a potential bullish trend. This pattern, combined with rising volume, suggests that accumulation is underway and a bottom may have been established.
the next critical level is $1.13. A clean break above this resistance could trigger a wave of buying, pushing ADA towards the $2.00 mark.Traders should monitor volume surges and weekly closes to gauge the strength of this potential rally.
