Cardano is showing a major breakout from a long-standing descending channel on the daily timeframe.
Structure:
Downtrend channel respected for ~7 months
Breakout confirmed with a strong bullish daily candle
Price hovering around $0.7192, above previous resistance
Support Levels:
$0.60
$0.5299
Resistance / Long-Term Targets:
$0.8158
$1.0876
$1.3159
$1.8958
Ultimate target (Fib extension): $2.76+
Outlook:
The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history.
A pullback to $0.60–$0.66 could offer re-entry opportunities.
Bias: Bullish (long-term)
Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation.
DYOR | Not financial advice
Structure:
Downtrend channel respected for ~7 months
Breakout confirmed with a strong bullish daily candle
Price hovering around $0.7192, above previous resistance
Support Levels:
$0.60
$0.5299
Resistance / Long-Term Targets:
$0.8158
$1.0876
$1.3159
$1.8958
Ultimate target (Fib extension): $2.76+
Outlook:
The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history.
A pullback to $0.60–$0.66 could offer re-entry opportunities.
Bias: Bullish (long-term)
Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation.
DYOR | Not financial advice
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.