The Bullish case on ADA/USD Analysis🎯🔥
$ADA
Major Resistance: $3.16 (Previous High Level)Key Fibonacci Levels to Watch:Short-term: $2.54 (0.786 Fib), $2.04 (0.618 Fib)Mid-term: $4.99 (1.618 Fib), $7.98 (2.618 Fib)Long-term Targets: $10.89, $12.71, $13.84
Bullish Case for ADA/USD
1. Breakout from Accumulation Zone
Cardano has been in a long accumulation phase since its bear market bottom.
2. Fibonacci Extension Targets Align with Previous ATH
$3.16-$3.17 level is a key breakout zone—a strong close above this could trigger a rally toward $4.99 (1.618 Fib).
Higher extensions targeting $7.98, $10.89, and $12.71 in a full bull run.
3. Higher Timeframe Bullish Structure
The monthly chart shows a strong reversal pattern, breaking above key resistance levels.
If ADA can flip $3.16 into support, the next leg could be explosive.
Bullish Targets (Mid to Long Term)
Short-term breakout: $3.50 - $4.00
Mid-term target: $4.99 - $7.98
Full Bull Cycle: $10.89 - $13.84
A strong close above $3.16 could confirm the next leg toward $5-$8 soon!
