Cardano
Long

$ADA Breakout and retest

537
My ADA Thesis simplified.

ADA was consolidating within a range $0.71-$0.85 (Approx) {REDBOX}
ADA successfully broke out of that range and rose to a price of $1.02 reaching the multi year descending resistance {ORANGE LINE}
ADA is now retesting the upper limit of the range and is holding well at the $0.90 {REDBOX UPPER LIMIT} and is now bound between the previous range and the multi year descending resistance.
The $1.00 is also a psychological barrier and ADA has demonstrated this exactly.

Last Cycle ADA moved from $0.12 - $1.28 once it broke out past the multi year descending resistance {ORANGE LINE}

My Target for this run once ADA breaks above this resistance {ORANGE LINE} is $3.50 before a correction to consolidate before moving higher into the Target area @ $6.50

My previous posts indicate a move to $4.50 which is still my thesis it is just focusing on a longer timeframe for the cycle end {APR-MAY2026}
This chart I am focusing on a more compressed timeline anticipating a cycle peak by end 2025.

I do not know how the market will react, and I suspect you don't either, I am looking at the possibility of a cycle top between end 2025 and end Q1 2026

this publication is the shorter timeline but still following the exact same data points as previous.

I hope this helps you design your own thesis out of ALL available information.
What are your thoughts?


Liminal

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