Saad Ullah
⬤ Cardano's ADA is pushing toward a potential bullish reversal as it tests local downtrend resistance on the multi-month chart. The price is retesting the horizontal support zone near $0.53–$0.55—a level that's acted as a floor during previous market swings and continues to hold up as ADA attempts to climb higher.
⬤ As ADA approaches this resistance, it's pressing into a well-defined descending trendline that's rejected breakout attempts multiple times over recent months. The chart shows a clear pattern: ADA bounces from support, rallies toward resistance, then pulls back. This time, the price is right at that critical barrier again—and whether it breaks through or gets rejected will likely set the tone for the next move.
⬤ For traders and investors, this is a make-or-break moment. A confirmed breakout above the downtrend line could flip sentiment bullish and open the door for further upside. Another rejection, though, would probably extend ADA's sideways grind. With the asset sitting right where support meets resistance, all eyes are on whether Cardano can finally punch through and shift momentum in its favor.
Saad Ullah
