🔥JUST IN: Cardano Price Analysis: ADA at a Critical Juncture After Bullish Breakout‼️

$ADA is currently trading in a sideways channel between $0.69 and $0.77. Price action near the lower boundary of this range indicates a potential support bounce, which may lead to a retest of the $0.77 resistance level in the short term.

More notably, $ADA has broken out of a falling wedge—a bullish reversal pattern—on the daily chart, according to TradingView data. This suggests the end of the recent downtrend and the beginning of a potential new upward movement. If momentum continues, targets of $1.2797 and $1.4853 are on the radar as mid-term resistance levels.

Source:

CoinGecko – ADA Price and Volume Data

TradingView – Cardano Technical Chart

Investopedia – Falling Wedge Explained