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$ADA – Price Accumulation Phase Ready for a Move
Cardano ($ADA) has been through a price accumulation phase, and based on the technical structure, it looks like it's primed for a potential breakout. Here's what we’re seeing:
🔍 Key Insights & Analysis:
Accumulation Phase: After prolonged accumulation, we are seeing a price build-up in the demand zone, indicating the market is gearing up for the next move.
Fair Value Gap: The price has filled the fair value gap and is currently sitting just above it. This could act as a strong base for the next upward movement.
Bullish Reversal Pattern: We’ve identified a bullish order block and strong lows indicating potential for upward momentum. A break above the previous highs could set ADA on a bullish path.
📈 Target and Outlook:
Immediate Resistance: Watch for the $1.025 level, which is the key resistance. A breakout above could lead to a significant rally.
Key Buying Zone: The buying zone around $0.67 remains the critical support level.
