Cardano’s Bullish Structure Points to Breakout: Is $2 the Next Stop?

Key Points

1. ADA's price is hovering around $0.89, up over 22% in the past week, indicating a bullish trend.

2. Volume data shows long-term accumulation between the $0.30 and $0.40 support zone, suggesting strong investor interest.

3. A fractal pattern suggests ADA could surge toward $2.40 if historical trends repeat, with past rebounds gaining 200% and 300%.

4. Key support levels are identified between $0.82 and $0.77, with resistance clusters around $1.15 to $1.30.

5. A successful close above the descending trendline could open the path to higher targets like $1.0159, $1.1255, and beyond.