#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.
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.
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