Saad Ullah
⬤ Cardano's camping out inside a major demand area on the higher timeframes after getting crushed during an extended correction. ADA's holding position within a bullish order block following a brutal 92.89% drop from its macro peak—putting price right at that make-or-break zone between accumulation and total invalidation.
⬤ The chart's showing multi-year support hanging tough above $0.24, with the main demand region sitting between $0.18 and $0.13 where smart money's been soaking up liquidity. The bullish structure stays alive as long as ADA keeps weekly closes above that $0.13 floor. Last cycle, Cardano ripped to around $3.10—a monster 1,300% move. Over the past six months alone, price also got whacked for another 78% correction from the local $1 top.
⬤ Flipping $0.4374 back would confirm the trend's reversing. If ADA reclaims that level, expansion targets are looking at $1.20, $3, $5, and potentially north of $10 if we get a full-blown market cycle. There's a hard stop invalidation near $0.0755 on higher timeframe closes, while any weekly close below $0.13 would wreck the entire bullish setup.
⬤ How price reacts around that $0.13–$0.24 support zone is going to decide whether ADA breaks out of accumulation into a proper expansion phase—with the technical setup pointing to a possible multi-thousand percent rally if support holds.
Saad Ullah
