Cardano ADA - 200D SMA Bull Regime Detection

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Understanding the chart
Bullish Regime:
The price is currently above the 200D SMA, indicating a bullish regime and a regime duration of 16 bars.

Strong Momentum:
Large distance from price to both SMAs (119.62% and 141.38%) suggests powerful upward momentum



Historical Price Action
Long Bear Market (2022-2023):

1. Extended period below 200 SMA
   
2. Multiple failed attempts to break above
   
3. Declining 200 SMA indicating strong bearish trend
   

Accumulation Phase (Mid-2023):

1. Price consolidated around 200 SMA
   
2. Reduced volatility
   
3. Built base for current move
   

Recent Breakout:

1. Clean break above 200D SMA
   
2. Sharp increase in volume and momentum