Cardano Trades Inside Long Descending Channel Near Critical Support
Cardano traded in a downward channel for almost 287 days, which made traders unsure if the trend is still bullish. Attempts to break out again and again failed, but ADA has recently regained the $0.85 horizontal area, which could mean that things are stabilizing and people are feeling more hopeful.
This support that has been regained could help prices go up, showing that ADA is strong even though there are long-term corrective structures in place. These kinds of consolidations often happen before big rallies, which shows how important it is to protect these levels so that bullish trends can continue.
Momentum Indicators Provide Strong Bullish Technical Confirmation Signals
The Relative Strength Index crossed 50 and the MACD rose above zero during September sessions, which are both signs that the market is going up. In the past, these technical triggers led to rallies of 170% and 315%, which made traders more confident that the upward trends would continue.
These signals fit with other technical analysis that says ADA may be getting ready to make big moves toward higher resistance. The confirmation of momentum makes it more likely that Cardano is entering the early stages of a new bullish cycle that could last until 2025.
ADA’s Bullish Wave Count Targets $1.83
If the reclaim stays valid, ADA could rise to the cycle high of $1.33 before facing corrective pressures in the next phases. Wave count analysis also points to a possible rise to $1.83 if upward movements follow the same patterns as before.
These predictions show how much ADA could go up if the bullish trend keeps going, but traders are still wary of corrections and volatility. Analysts say that you should keep a close eye on resistance levels to see if attempts to break out keep volume confirmation or lose momentum too soon.
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Wave Count Analysis Shows That a New Upward Trend Is Starting Now
Analysts say that ADA has finished an irregular flat A-B-C correction in which waves A and C were exactly the same length. Wave C made an ending diagonal, which supports the idea that ADA’s corrective phase is over and new bullish impulses are starting.
The current wave count shows that a five-wave upward structure is forming. If the momentum keeps going, this could lead ADA to higher cycle targets. This pattern fits with bullish technical readings, which means that Cardano’s upward trend is not over yet.
Cardano Indicators Suggest History Could Repeat With Breakout Rallies
In the past, when RSI and MACD were both bullish, ADA saw huge rallies that changed the direction of prices in a big way. Traders think that the same alignment could start another cycle of growth, which supports bullish predictions for the next few months.
If history repeats itself, Cardano could go through big rally phases that quickly push prices up well beyond their current consolidation zones. Investors see similarities that make them more sure that ADA could follow the same growth patterns as before when conditions are good.
The Short-Term Outlook Remains Dependent On Key Support Levels Holding
ADA needs to protect the $0.86 support level in the short term to keep things stable and stop possible retests of lower consolidation areas. If these levels aren’t kept up, it could hurt bullish momentum, which could put off breakout scenarios and make corrective activity last longer.
On the other hand, if the price stays above support for a long time, it would make the bullish case stronger, attract more buyers, and increase the chances of a breakout. Traders say that volume confirmation is still very important for telling the difference between real breakouts and short-term spikes in price.
Cardano Set Up for Big Gains if Breakout Happens Soon
Technical indicators, wave counts, and levels of support that have been regained all point to a bullish continuation in ADA’s structure in the near future. If momentum stays strong and the outside market stays good, cycle highs between $1.33 and $1.83 are possible targets.
There are still some questions about where the market is going right now, but in the long term, it will go up in value. Cardano is still one of the best altcoins that could make a lot of money in the next few cycles.
