๐—–๐—”๐—ฅ๐——๐—”๐—ก๐—ข ๐—ฃ๐—ฅ๐—˜๐—ฃ๐—”๐—ฅ๐—˜๐—ฆ ๐—™๐—ข๐—ฅ ๐—•๐—œ๐—š ๐— ๐—ข๐—ฉ๐—˜ ๐—ง๐—›๐—œ๐—ฅ๐—— ๐—•๐—จ๐—Ÿ๐—Ÿ๐—œ๐—ฆ๐—› ๐—ฃ๐—”๐—ง๐—ง๐—˜๐—ฅ๐—ก ๐—™๐—ข๐—ฅ๐— ๐—œ๐—ก๐—š

Cardano (ADA) is flashing another major bullish signal โ€” its third in recent weeks โ€” as a broadening wedge pattern forms on the 3-day chart. This setup often precedes large breakouts, especially when paired with increasing trading volume and momentum indicators.

ADA is now testing the 50-day moving average (MA50), which also aligns with the wedgeโ€™s upper boundary. If ADA breaks above this, it could confirm a powerful bullish breakout.

โœ… Whatโ€™s Happening on the Chart?

๐Ÿ“Š Broadening Wedge Detected: Signals increasing volatility โ€” and usually precedes a breakout.

๐Ÿง  3rd Bullish Pattern in a Row: This shows a trend of building strength across timeframes.

๐Ÿ“ˆ Testing Key Resistance (MA50): Around $0.69. A clean move above this would unlock upside targets.

๐ŸŽฏ Bullish Price Targets (If Breakout Confirmed)

$0.80 โ€” Previous local high.

$1.00 โ€” Psychological round number + historical resistance.

$1.30 โ€” Technical wedge projection.

๐Ÿ›ก๏ธ Key Support Levels to Watch

$0.55โ€“$0.56 โ€” This is a major support base. Holding above this zone is critical to keeping bullish structure intact.

Break below $0.55? It could weaken the bullish case and delay upside.

๐Ÿ“Š Indicators You Should Know

๐Ÿ”„ RSI Rising: Momentum is shifting toward the bulls.

๐Ÿ“ˆ Volume Increasing: Breakouts supported by volume are more trustworthy.

โš ๏ธ Still Not Confirmed: The breakout must close and hold above the MA50 โ€” without that, itโ€™s just potential.

๐Ÿงญ What Should Traders Do?

Watch for Break Above $0.69 (MA50)

โœ… That would be a strong entry signal.

Set Alerts Around $0.55

โŒ A breakdown here could invalidate the pattern.

If Breakout Holds, Watch for $0.80 โ†’ $1.30

๐Ÿš€ These are likely take-profit zones based on past price reactions.

#ADA