Cardano / Tether
Long

ADA/USDT — Breakout & Retest at a Critical Fibonacci Zone!

285

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.

#Cardano #ADA #ADAUSDT #CryptoBreakout #CryptoTrading #TechnicalAnalysis #PriceAction #Altcoins #CryptoSetup

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