Cardano (ADA) Explodes! Target Set at $0.85, Is the Bull Market Officially Underway?

ADA Breaks Key Resistance, Market Sentiment is Frenzied! Will it Stand at $1.15? Cardano (ADA) has finally shaken off the shackles of long-term consolidation! Today (March 25), the price surged by 3.75%, breaking through the crucial resistance at $0.75, completely alleviating the oscillation range of $0.69 - $0.75, announcing that the bullish trend has officially begun! 🚀

Technical Analysis: ADA Enters Bullish Control Zone, Strongly Breaks 200 EMA!

Current technical indicators show that ADA has stabilized above the 200 Exponential Moving Average (EMA), indicating that the market trend has broken through. The price only needs to hold above $0.76, and in the short term, ADA is expected to rise by 13% to $0.85, with the entire upward momentum even hitting $1.15 (+35%)!

Market momentum surges, trading volume skyrockets by 30%! Are institutions and retail investors going crazy?

As ADA breaks through key resistance, market trading volume surges by 30%, indicating that investor sentiment is high. Within 24 hours, the price of ADA has increased by 4.2%, and traders' confidence is overflowing, further supporting the upward trend.

Bull vs Bear: The $0.768 Level Becomes the 'Manhattan Battlefield'! Who Will Be Liquidated?

On-chain data shows:

$0.72 - $26 million bullish positions, a drop below this level will trigger a flood of stop-loss orders. $0.768 - $6.35 million bearish positions

If ADA continues to strengthen, these bears will face risks!

Is this the Starting Point of a Bull Market? Can ADA Break Through $0.85 and Even Challenge $1.15?

Currently, it seems that the bulls firmly control the situation, with market sentiment clearly leaning towards the upside. As long as ADA maintains above $0.76, it is expected to continue soaring in the short term, challenging higher targets!

ADA's price breaks through, are you bullish or bearish? Leave your predictions in the comments!