Usman Salis
● In a recent post, BullishBanter pointed out that Cardano's price action is getting squeezed, with ADA "tightening up here" as it bounces between higher lows and lower highs. ADA "needs a clean break above $0.55 to confirm strength, otherwise risk of another dip to sweep the lows"—highlighting the fragile balance currently at play.
● The chart backs this up. ADA is hovering around $0.5377, trapped inside a symmetrical squeeze pattern where buyers keep stepping in higher while sellers defend the upper trendline. This kind of compression usually comes right before a big move in one direction or the other. The $0.55 zone is the key level—it's been tested multiple times and remains a stubborn resistance that ADA needs to clear for any real upside momentum.
● Below the current price sits a liquidity pocket near $0.50, matching up with the "weak low" area marked on the chart. If ADA can't push through $0.55, the structure suggests another dip down to grab that liquidity before any serious reversal kicks in. There's also a fair value gap above the current range, adding more resistance for buyers trying to push higher.
● ADA is basically at a fork in the road. A solid breakout above $0.55 could reignite bullish momentum and send the coin back toward previous supply zones. But if it stalls at resistance, the odds tilt toward a retracement.
● With ADA coiling tighter and a major level dead ahead, traders are watching closely. Whether it breaks out or sweeps the lows first, one thing's clear: a big move is coming soon.
Usman Salis
