ADAUSDT has spent months ranging between ~$0.51 and ~$1.15, and the structure now clearly qualifies as a rectangle pattern.After a 3rd touch on support in April, Cardano is showing strength with steady higher lows and a reclaim of a key High Volume Node (HVN).
Key Levels to Watch
• Main Demand: ~$0.51-$0.58
• Rectangle Support: ~$0.51
• Rectangle Resistance: ~$1.15
• Internal Uptrend Support: Rising diagonal from April
• HVN Zone: ~$0.75 — key volume cluster
• Rectangle Midline: ~$0.83 — also a previous S/R
• Main Supply: $1.10–$1.32
Measured Target
If price breaks above $1.15 with volume, the rectangle measured move points to ~$1.80.
Context
ADA has respected this range for nearly half a year. A breakout could mark the start of a macro bullish leg.
Triggers
• Bullish: Clean daily close above $1.15 with volume → $1.80 target activated. For a safer entry, it could be worth waiting a full breakout from the main supply above $1.32.
• Bearish: Breakdown of the ascending trendline and HVN → Potential return to ~$0.51. Failure to hold that level could lead to further downside to the previous ~$0.30 demand zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.