Peter Smith
Cardano (ADA) has caught traders’ attention once again, delivering a massive return from a high-conviction long setup. After weeks of decline and consolidation, the ADA price appears to be reversing sharply from a well-established support zone. A recent price move suggests increasing bullish momentum, raising hopes for a broader trend reversal.
ADA Price Up 148% from Support Zone
The chart shows a clean bounce in the ADA/USDT pair from the $0.36 level, with the price reaching approximately $0.38587 — a +2.67% move on the day. A leveraged long position executed at this level yielded a 148.02% gain using 19x leverage, reflecting a highly calculated and disciplined trade setup.
The price structure indicates that ADA respected horizontal support and rejected further downside, signaling strength. The rally has formed a base that now acts as a psychological and technical support zone.
Cardano Price Approaches Resistance — Reversal or Bull Trap?
With the Cardano (ADA) price now challenging the lower end of a previous resistance zone, bulls are eyeing further upside. A breakout above $0.42–$0.45 could confirm a longer-term reversal. If rejected, however, traders should remain cautious of a possible retest of prior support levels.
Momentum indicators are beginning to align, and the recent breakout appears to be fueled by both price action and volume. Whether this marks the beginning of a sustainable uptrend remains to be seen, but ADA’s resilience has certainly put it back on traders’ radar.
Peter Smith
