Saad Ullah
Cardano (ADA) just reclaimed a major support level with solid volume, setting up a potential run to $1.19. The crypto's showing real strength after months of getting rejected at this same spot.
Cardano's doing something it hasn't managed to pull off in months – it's actually holding above a key level that's been giving it trouble. We're talking about the point of control, which has been like a brick wall for ADA's price action lately. But this time feels different.
The breakout came with serious volume behind it, not the usual weak push we've seen before. When you see that kind of buying pressure, it usually means someone with deep pockets is making a move. The technical setup is pretty clean too – ADA didn't just squeeze through, it broke out with conviction.
ADA Price Action Gets Real Support This Time
Here's what makes this move interesting: the volume spike actually happened. Too often we see these "breakouts" that fizzle because nobody's really buying. But ADA's showing genuine demand at these levels, which is exactly what you want to see if you're betting on higher prices.
The next target sits at $1.19, where the value area high meets some serious resistance. It's not going to be easy to get there, but the setup looks pretty solid. If ADA can keep this reclaimed level as support – especially on the weekly close – then we're looking at a legit structural shift.
The volume profile backs up the bullish story too. We're seeing consistent buying that's soaking up whatever selling pressure comes in. That's crucial because as price moves higher, more sellers will show up, especially around those old rejection zones.
What's Next for Cardano (ADA) Price
The whole move hinges on one thing: can ADA hold this level as support? If it does, the path to $1.19 is wide open. The technical alignment is there, the volume's there, and the momentum feels real.
But crypto being crypto, things can change fast. Any weakness or volume drop could put this rally on pause. In that case, we'd probably see another consolidation phase before the next attempt higher.
Bottom line: ADA's showing the kind of strength that could carry it to $1.19, but it needs to prove it can hold these gains. The next few sessions will tell us everything we need to know about whether this breakout has legs or if it's just another false start.
Saad Ullah
