ADA breakout confirms end of multi-month descending channel.
Double-bottom pattern near $0.67 signals strong bullish reversal.
Price reclaims 200-day MA, opening path toward $1.25–$1.75.
Cardano has flipped the script after months of downward pressure. A clean breakout, strong retest, and bullish structure above the 200-day MA have set ADA on course for a potential rally into higher targets.
Breakout From Descending Channel
For months, Cardano ($ADA) traded inside a descending channel marked by consistent lower highs and lower lows. This structure, visible on the daily chart from OKX, began after a sharp rise and kept pressure on ADA throughout.
In mid-July, the trend changed. ADA broke above the upper boundary of the channel with strong bullish momentum. The move invalidated the downtrend, sending price directly into the $0.85–$0.95 resistance zone. This zone, shaded in red, has played a key role in ADA’s history as both support and resistance.
https://twitter.com/CryptoBull009/status/1956911063729148329
The first test saw rejection, but bulls quickly regrouped. A double-bottom formed near $0.67, marked by two strong bounces. Once ADA reclaimed the neckline, momentum strengthened again. Price returned to retest the $0.85–$0.95 zone, this time holding it as support.
Technical Confirmation Adds Strength
The successful retest has added weight to ADA’s bullish case. The price is now holding above the 200-day moving average, which had been acting as dynamic resistance. With several daily closes above it, the long-term outlook is beginning to shift.
The moving average has started to flatten, a sign of weakening bearish control. Market structure is now leaning bullish, with higher lows forming after each retracement. The absence of immediate supply zones overhead offers further room for continuation.
Upside Targets in Focus
Chart projections highlight a possible measured move toward the $1.25–$1.75 range. This aligns with the breakout from the descending channel and the double-bottom confirmation. Analysts point to this target as the next major area to watch if momentum sustains.
Support zones remain clear below, with demand likely to hold near $0.85.As long as ADA continues to hold above this support zone and the 200-day moving average, the market outlook stays in favor of the bulls.
Cardano’s move from months of sideways pressure into a decisive breakout signals a major shift in momentum. The clean retest and reclaiming of major levels underline the growing strength behind this move.
The post Is the Quiet Phase Over? ADA Reclaims Major Levels After Clean Retest — Can Bulls Push Higher? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
