Cardano: Still Boring or LONG
Finally
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Cardano: Still Boring or Finally Ready to Move?
Welcome to the Altcoin Series, kicking off this weekend with none other than Cardano (ADA).
Later on I will explain why i will be 'Divorcing Alts' and just trade them, but that time will be at the cycle end, not now.
It's Saturday, July 12th a classic retail weekend after a solid macro pump.
Salaries are hitting accounts, the charts are alive again, and it's time to look at structure over sentiment.
A Personal Note on ADA
I was fortunate to exit near the top during the Cardano Summit in Athens (2021) not just due to chart structure, but after meeting with developers and understanding how deeply Haskell shapes this ecosystem. And what a challenge that seemed!
Haskell, while academically impressive, has proven difficult to scale, and in practice, it's slowed down development. Expectations were sky-high, but reality hit hard. And let's be honest - Cardano has been boring for years.
But that boredom may be hiding something...
I've still been 'going Long' under key levels, because when you zoom out - Cardano is still U.S.-centric, regulation-aware, and deeply rooted. In a time when the U.S. might look to lead crypto adoption, especially with figures like Trump signaling support, Cardano could become part of that narrative.
Technical Setup
The recent pump from Nov-Dec 2024 was rejected right at $1.193 our second test of that critical resistance. But now, we're staring down a potential third test, with Test #3 marked on the chart near $1.15, and this time, the context is shifting.
TOTAL3 structure is bullish
Retail energy is back
Altcoin momentum is quietly building
Key Levels
Support Zone:
$0.70-$0.71- the current base to hold
Target Zones:
◆$1.15-$1.19 - Third test of resistance
◆ $1.47
$1.89
$3.02
◆ Top Extension Target: $3.65
A break above that descending level could turn this "boring" coin into one of the cleanest long continuation setups of the cycle.
$ADA #USCryptoWeek DYOR