🚀 Cardano Breaks Out with +12% Surge 🔥
📈 Triple Bottom Sparks Bullish Momentum
Cardano (ADA) jumped +12%, breaking from a triple bottom pattern at $0.49 and reclaiming key market levels — signaling strong upside potential.
🛡️ Point of Control & Support Levels
Point of Control (POC) is the price where the highest trading volume occurred during a set period. For ADA, this sits near $0.54, marking a zone of strong agreement between buyers and sellers. Reclaiming and holding it often shifts sentiment bullish.
This level aligns with the 50-day Moving Average (~$0.55), a dynamic support that historically fuels rallies.
🔍 Technical Outlook
📉 Triple Bottom at $0.49 formed at value area low, creating a strong reversal base.
🔑 POC reclaim + 50-day MA confluence signals renewed momentum.
🎯 Upside targets: $1.19 resistance, then $1.32 swing high.
📊 Market Structure
The rally returned ADA to the upper half of its trading range. Historically, regaining the POC leads to follow-through, and momentum remains bullish with higher highs and higher lows intact.
📦 Volume Profile
Volume has declined during the rally — often a sign of price coiling before a breakout. If $1.19 is breached with strong volume, a move toward $1.32 becomes highly probable.
🔮 Next Moves
As long as $0.49 holds as high time frame support, bullish structure stays intact. Break above $1.19 → 🚀 likely push to $1.32.