Cardano (ADA/USDT) is currently trading around $0.9637, forming a symmetrical triangle pattern on the weekly timeframe. This consolidation signals an upcoming major move, depending on whether ADA breaks out or gets rejected.
✅ Bullish Outlook
If ADA breaks and holds above $1.2491, it could trigger a strong rally toward:
$1.5943 - $1.6821 (Major resistance zone)
A breakout above this zone could push ADA into price discovery mode.
❌ Bearish Outlook
If ADA fails to break above the triangle and faces rejection, it may drop toward:
$0.7606 (First key support)
$0.5880 (Stronger support zone)
$0.4447 - $0.2428 (Critical support area for a deeper correction)
🔥 Key Takeaway
The triangle breakout zone is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
✅ Bullish Outlook
If ADA breaks and holds above $1.2491, it could trigger a strong rally toward:
$1.5943 - $1.6821 (Major resistance zone)
A breakout above this zone could push ADA into price discovery mode.
❌ Bearish Outlook
If ADA fails to break above the triangle and faces rejection, it may drop toward:
$0.7606 (First key support)
$0.5880 (Stronger support zone)
$0.4447 - $0.2428 (Critical support area for a deeper correction)
🔥 Key Takeaway
The triangle breakout zone is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.