#CARDANO price ANALYSIS

Looking at #ADA /USDT (weekly chart), here’s the analysis:

Chart Structure

The yellow lines show a large symmetrical triangle forming since 2021:

Upper resistance: Descending trendline from the 2021 ATH.

Lower support: Ascending trendline from 2022 lows.

→ Price is converging toward the apex around mid/late 2025.

The green and pink shorter trendlines indicate a recent falling wedge breakout:

ADA broke above the pink downtrend, which is a bullish sign.

Currently retesting around $0.92.

Indicators

MACD (weekly) has crossed bullish above the signal line with rising histogram bars, showing building momentum.

Key Levels

Immediate resistance: $1.00 – $1.05 (psychological + triangle top).

Major resistance: $1.20 – $1.30 zone (past support-turned-resistance).

Support zone: $0.75 – $0.80 (wedge breakout retest).

Long-term support: The yellow ascending trendline near $0.65–$0.70.

Outlook

Bullish case: If ADA holds above $0.85–$0.90 and breaks $1.00 convincingly, next target could be $1.20–$1.30, and eventually a triangle breakout toward $1.50+.

Bearish case: Failure to hold $0.85 could send ADA back toward $0.70 support.

🔑 Right now, ADA is at a decision point—squeezing inside a multi-year triangle, with momentum favoring the bulls after wedge breakout. A weekly close above $1.00 will confirm strength.