Cardano (ADA) Bullish Three Drives Pattern Emerges Cardano price action is currently stabilizing above $0.33 high-time-frame support, a level that previously marked a major bottom before a strong rally toward $0.42 resistance. The current structure is beginning to mirror that prior setup, with price forming what appears to be a three-drive fractal at the same support region.
After rejecting from $0.42, ADA has corrected in a controlled manner and is now consolidating around the point of control (POC) within the broader range. This area often acts as a decision point. A short-term rejection here would still align with the historical fractal, as the previous pattern also included consolidation before a successful retest of support.
As long as price continues to hold above $0.33, downside risk remains limited within the context of the current range. A successful defense of this level increases the probability of a higher low forming and opens the door for another rotation higher toward the upper range boundary at $0.42.
From a market structure perspective, ADA remains range-bound, but short-term structure is improving. Failure to hold $0.33 would invalidate the fractal and shift the bias back toward downside continuation. For now, support remains intact, keeping the bullish fractal scenario in play.
