The signs suggest a potentially explosive move. If the price breaks above the descending resistance, we could see a bullish surge.

However, given the repeated patterns we've observed, there's a possibility that the price of #ADA may retrace back to a strong support level at $0.2800 . If momentum holds, we might witness a bullish ride up to the probable resistance.

But we’re prepared for all scenarios. If the price loses momentum at the strong support and breaks below, we're eyeing a potential bullish rebound from the lower demand zone at $0.2300

Cardano (#ADA) is currently in a consolidation phase, with the price around $0.6900. Technical indicators show a neutral market (RSI at 43.1) and a slight bearish momentum (MACD at -0.007). Key support is at $0.6300, while resistance is near $0.8500. Watch for potential breakouts or downturns depending on key levels.

#ADA is consolidating within a large descending wedge, a typically bullish pattern, with multiple rejections near the $0.85 resistance. The current pullback is testing the critical support zone at $0.73–$0.69, which aligns with previous demand and wedge mid-level. If bulls defend this area, ADA could build momentum for a breakout above the wedge, targeting $1.17 as a medium-term objective. However, a breakdown below $0.69 would invalidate the bullish setup and expose ADA to deeper downside toward $0.58 or even $0.42. Until then, structure remains neutral-to-bullish with pressure building at the apex of the wedge.

#Cardano (#ADA/USDT) Daily Chart Update:

Cardano has broken out of the descending channel, signaling a potential trend reversal.

Channel Breakout: Clear breakout above the descending trendline (bullish signal).
Current Resistance Zone: $0.77–$0.82 (previous strong rejection area).
Next Major Target: $1.18 (highlighted in orange).
Support Zone: $0.68–$0.70 and $0.58 below.

Conclusion: If ADA breaks and holds above $0.82, it opens the door for a move toward $1.18. Momentum is bullish, and the breakout strengthens the mid- to long-term outlook.