- Cardano is attempting to hold $1, aiming for a breakout to $1.3 resistance.
- Bullish momentum returned this week, pushing ADA back to $1.
- A bullish MACD cross signals potential gains, with $1 as crucial support.
Cardano—ADA, is mirroring XRP’s bullish momentum. ADA is fighting to stay above $1, a critical level for the bulls. If ADA succeeds, the next target could be $1.3, a key resistance point. The recent price movements suggest a shift in favor of buyers. This shift mirrors what XRP recently experienced, which could mean big things for Cardano.
Bullish Momentum Starts to Build
Cardano’s price has mostly been flat this week, but things started to change on Wednesday. Since then, bulls have taken charge, pushing ADA back to $1. This is an important psychological level for traders. To challenge $1.3, buyers need to convert $1 into reliable support. If they do, it could open the door to a much larger rally. If ADA breaks through $1.3, this could signal that the price will continue to rise.
MACD Signals Strength
Yesterday, the daily MACD indicator crossed bullish, signaling that momentum has shifted in favor of buyers. After weeks of sideways movement, this shift could be the start of something bigger. A bullish MACD cross is a strong indicator that ADA might be entering a new phase of growth.
For this momentum to continue, Cardano needs to hold above $1 and aim for the $1.3 resistance. A successful breakout above $1.3 could lead to even higher gains.The next few days will be critical for Cardano. If ADA can break above $1.3, it could follow Ripple’s recent breakout and start a bigger upward trend.
However, if ADA fails to hold $1, traders may see a pullback. Traders need to keep a close eye on ADA’s movement. If Cardano can hold its ground and push past $1.3, the price could rise significantly, mirroring Ripple’s recent success.
The post ADA Mirrors XRP’s Bullish Breakout Pattern appeared first on Cryptonewsland.
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