🚀 Cardano Breaks Out — Is $ADA Gearing Up for a Major Comeback?
After bouncing from $0.5650, ADA is showing real strength — and a breakout above $0.600 could ignite a rally. 📈
🔹 Quick Snapshot:
✅ ADA surged off $0.5650 support
✅ Broke bearish trendline at $0.5760
✅ Trading above $0.5750 and the 100-hour SMA
✅ MACD trending bullish, RSI > 50
🎯 Upside Targets:
🔼 $0.5925 → Minor resistance
🔼 $0.6000 → Key breakout level
🔼 $0.6200 → Strong resistance zone
🔼 $0.6500–$0.6650 → Next potential surge zone if breakout confirms
⚠️ Risk to Watch:
If ADA fails to close above $0.5925 or $0.6000, a pullback could test:
🔻 $0.5850 – Short-term support
🔻 $0.5650 – Critical support
🔻 Below that? $0.5450 and $0.5320 could come into play
🧠 Technical Pulse:
• MACD: ✅ Bullish crossover
• RSI: ✅ Holding above 50
• Fib Levels: Recovered 61.8% of the recent drop
💬 Bottom Line:
Cardano is heating up with breakout energy — but the $0.600 zone is critical. Hold above it, and ADA could ride momentum to new summer highs.