$ADA
✍️ Cardano towards $2.04?
Cardano is strongly defending the $0.50 support, indicating the formation of a higher low after a significant bullish structural breakout.
- Trend Features:
- $0.50 Major Support: Prices have been stabilizing above it for weeks, reinforcing the likelihood of continued upward movement.
- Confirmed Bullish Shift: A new high was recorded after a clear breakout from the accumulation phase.
- $2.04 Potential Target: Represents the next resistance on the higher time frame.
✍️ As long as support remains intact, the current correction remains a launching pad for the upcoming bullish wave, targeting $2.04 as the next phase.
