Cardano price popped its lengthy descending channel, using a 0.62‑0.78 consolidation base as springboard to reclaim 0.78 USDT. Provided buyers defend that level, the move unlocks an advance into the 0.95‑1.00 resistance ribbon flagged above. A close beneath the rising guideline from April lows would dampen, but not invalidate, the emergent ADA breakout.
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Cardano shook off April’s falling wedge and reclaimed its long-term rising base. Two successive consolidation boxes have resolved to the upside, and price now dances around 0.82 USDT while respecting the steeper support line from the May spike. If bulls guard the 0.76-0.78 area, momentum projects into the channel ceiling near 0.88-0.90, labelled “new highs” on the chart. A slide below the inner trendline would only slow—not reverse—the climb.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.