Cardano’s $0.49 Secret? Price Could Rocket to $1.19! 💸

Cardano’s back in the game, baby! After bouncing off $0.49 like a caffeinated squirrel, the bulls are whispering, “Hey, maybe we can hit $1.19? 🧠💸” Spoiler: They’re probably wrong, but let’s pretend they’re not. 🙃

Strong Support at $0.49: ADA has respected this high time frame level three times, each producing an impulsive bounce. It’s like a bouncer at a club – always letting ADA in. Three times, and still no ID check. 🚪
Reclaim of Point of Control: Weekly candle close above the range mid confirms bullish structure and a higher low. Or as I call it, “the crypto version of a confidence boost.” 🎉
Targeting $1.19 Resistance: Value area high and high time frame resistance is now the next likely upside target. Let’s just say, “Hope you’re ready for a rollercoaster!” 🎢

The $0.49 zone has acted as a major pivot for Cardano over the past several months. With each retest, buyers have stepped in, producing strong recoveries. The fact that this level also aligns with the value area low further validates its importance. Now that ADA has reclaimed the point of control, bulls appear to be regaining control of the range. 🦄

This point of control serves as both a structural and psychological level. It marks the range midpoint, dividing the price action between $0.49 support and the high time frame resistance at $1.19. Holding this level on a weekly closing basis confirms the formation of a higher low, and positions ADA for a potential breakout if momentum continues. 🌟

Volume is another critical factor. The recent price advance was accompanied by moderate upticks in bullish volume, indicating early accumulation. For ADA to break above the current swing high and make a sustained move toward $1.19, stronger volume influxes will be required. Without that support, price risks stagnating or pulling back again into the midrange. 🚧

If the point of control fails to hold, ADA is likely to return to its trusted $0.49 support. This would confirm continued range-bound conditions, keeping price oscillating between established high and low boundaries. However, if the point of control holds and buyers step in aggressively, a push above the swing high would validate a bullish market structure and open the door for a larger breakout. 🚀

What to expect in the coming price action:

Cardano remains technically bullish while holding above the point of control. Sustained volume and a higher high would open a move toward $1.19 resistance. If the POC is lost, expect another test of $0.49. Or as I like to call it, “The Never-Ending Saga of $0.49.” 🔄

2025-07-25 17:45

What to expect in the coming price action:

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