Saad Ullah
Cardano (ADA) has made a dramatic upward move, catching the attention of traders and analysts. After weeks of consolidation, ADA/USDT surged 50%, breaking key resistance zones and opening the door for further gains. Based on recent technical analysis, bulls are now eyeing ambitious targets in the $1+ range.
ADA Price Breaks Out of Accumulation Zone
Cardano (ADA) recently surged to $0.76, a move that represents a 50% gain from its previous lows. On the 3-day chart (3D TF), the price broke out of a prolonged accumulation range, confirming a shift in market structure. Key resistance zones around $0.65–$0.70 have now flipped to support.
The chart indicates that ADA's price strength was supported by increased bullish volume and a clean break through supply zones, marking the beginning of a potentially extended uptrend.
Cardano Bulls Target $0.93, $1.05, and $1.33 Next
With momentum on their side, bulls are setting their sights on higher levels. The next upside targets highlighted in the chart are $0.93, $1.05, and $1.33. These levels align with historical supply zones and Fibonacci extensions, making them strong candidates for short- to mid-term resistance.
While a short-term pullback is possible, the current structure supports the case for continuation. A daily or weekly close above $0.76 would further validate bullish sentiment and put ADA on track for higher highs.
Saad Ullah
