Cardano ($ADA) has officially broken out of its consolidation zone, gaining strong bullish momentum. After trading sideways for an extended period, the price surged from the $0.5853 support level and rallied over +19%, reaching a local high of $0.7017.
This breakout marks a clear shift in market structure, establishing a new higher high, which signals the potential for continued upside. With strong volume backing the move, the momentum could carry $ADA toward the $0.75 resistance in the short term.
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📊 Trade Setup Overview:
Entry Range: $0.660 – $0.680
Target 1: $0.720
Target 2: $0.750
Stop Loss: $0.625
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Key Takeaways:
✅ Confirmed breakout after long consolidation
✅ Higher High structure supports bullish continuation
✅ Strong buying volume suggests trend sustainability
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