Cardano ($ADA) has just staged a strong rebound from the $0.84 support level, sparking renewed optimism for a potential rally back to $1.
๐ $ADA Technical Outlook: Bulls Still in Control
ADA has now formed three consecutive higher lows ($0.51 โ $0.68 โ $0.84), confirming a solid uptrend.
$0.84 acts as a key support, aligning with ADAโs earlier double bottom breakout zone โ a classic bullish signal.
If ADA holds above $0.84, the path back to $1 looks clear. A breakout above that level could trigger further upside momentum.
โ ๏ธ But if $0.84 fails, ADA risks slipping back toward $0.68 support.
๐ Whale Accumulation: 100M ADA Bought Near Support
While retail traders worried about the dip, whales quietly accumulated 100M ADA around $0.84.
This shows smart money confidence that ADA is near a bottom.
Whales buying dips at strong support levels is a classic risk-managed entry strategy.
Their timing adds weight to the bullish case.
๐ฅ Retail Sentiment: Majority Are Long
Data from Hyperliquid shows:
79% of traders are long ADA, while only 20% are short.
With both whales and retail traders aligned, momentum is stacking up in ADAโs favor.
๐ฏ The Road Ahead
โ
Hold above $0.84 โ Clear path back to $1.
โ
Break $1 โ Possible explosive upside.
โ ๏ธ Lose $0.84 โ Structure breaks, risk of retest at $0.68.
Cardano now has the perfect mix of technical strength, whale backing, and bullish sentiment. All eyes are on the $1 level as the next key test.
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