Cardano will break out of the falling channel ┆ HolderStat

Aug 5

ADAUSDT broke out of a falling channel and is showing renewed bullish momentum. With structure turning supportive and higher lows forming, a move toward the $0.84 level appears likely if buying strength sustains.

Aug 7

Trade active

ADA is recovering from the 0.727 support zone while forming higher lows within a rising structure. Previous triangle breakouts provide a bullish backdrop to the current compression pattern. If buyers break through 0.77, 0.85 becomes the next key target.