Cardano Breakout: Is the Downtrend Finally Over?
Cardano (ADA) has finally broken out of its long falling channel after months of sideways and downward movement. The current price is around $0.88 after a strong rally from the $0.45 zone.
Here’s what the chart shows:
ADA broke above the trendline that had been holding it down since late 2023.
Strong price momentum and a shift in structure suggest bulls are in control.
A large demand zone sits between $0.58 and $0.75, which now acts as support.
If the price stays above $0.78–$0.80, there’s a good chance for more upside.
What to expect next:
Price may pull back slightly to retest the breakout zone.
If that level holds, the next major targets are around $1.10 and $1.35.
If Bitcoin remains stable or altcoins gain strength, ADA could push even higher in the coming weeks.
Key Levels:
Support – $0.75, $0.68
Breakout Level – $0.80
Resistance – $1.10, $1.35
Overall, this breakout is an important shift. If the retest is successful, ADA might finally enter a new uptrend.
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