Currently, Cardano (ADA/USDT) is at a decisive point on the 3D timeframe, where price has just broken out of a mid-term downtrend line and is now retesting a very strong support area.
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🔎 Technical Structure & Pattern
Downtrend line has been broken to the upside → sign of trend reversal.
Price is retesting a confluence support zone (0.78 – 0.83) consisting of:
Historical support/resistance (yellow box).
Fibonacci retracement 0.5 (0.8217) and 0.618 (0.7955).
This setup forms a classic “breakout & retest” pattern — where old resistance potentially flips into new support. If it holds, ADA could confirm a mid-term bullish continuation.
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🟢 Bullish Scenario
If the price holds and closes above 0.795–0.821, bullish momentum remains valid.
Potential upside targets:
R1 = 0.9364 (short-term swing target).
R2 = 1.1213 (strong confirmation of trend shift).
R3 = 1.2152 (key resistance before major highs).
R4 = 1.3262 (major high & psychological zone).
In this scenario, ADA could stage a significant rally if market sentiment supports it.
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🔴 Bearish Scenario
If the price breaks down below 0.7955 (Fib 0.618), the bullish setup may turn into a false breakout.
Downside targets to watch:
Previous consolidation range around 0.60–0.70.
Deeper support near 0.44.
Worst-case scenario: retesting the major low at 0.27.
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📌 Conclusion
ADA is currently at a make-or-break level.
As long as price holds above 0.795–0.821, the bias remains bullish with targets at 0.94 – 1.12 in the mid-term.
A failure to hold this zone would shift bias to bearish, opening the way for deeper corrections.
Traders should closely monitor price action & volume around this retest, as it will determine ADA’s next big move.
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📝 Notes
Always apply risk management (stop-loss & position sizing).
Wait for 3D/weekly candle close confirmation.
This is technical analysis, not financial advice.
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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.