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crypto.news 2025-05-12 16:31:18

Cardano’s bullish reversal: will a break above $1.13 trigger the next big rally?

Cardano’s bullish reversal: will a break above $1.13 trigger the next big rally?

Cardano is showing early signs of a bullish continuation, with strong support forming at the critical $0.50 zone. If this level holds, the path to $1.13, and potentially $2, may soon open up for ADA. After a prolonged consolidation, Cardano ( ADA ) appears to be positioning itself for a significant move. The $0.50 region, previously a firm resistance, has flipped into support and is now acting as a pivotal foundation for bullish momentum. As volume rises and market structure shifts, traders are watching closely to see if ADA can push through the critical $1.13 resistance, setting the stage for a much larger rally. Key technical points $0.50 Support Flip: Prior resistance now holding as strong support Major Resistance Ahead: $1.13 level must break for bullish continuation Bullish Structure: Higher high formed with potential higher low developing ADAUSDT (1W) Chart, Source: TradingView Over the past few weeks, Cardano has respected the $0.50 level multiple times, a zone that previously acted as resistance but has now turned into strong support. This level has not only been successfully backtested but has also held firm on both daily and weekly timeframes, reinforcing the idea that buyers are stepping in with confidence. Adding strength to this technical zone is a clear shift in market structure. ADA has recently printed a higher high, changing the outlook on the higher timeframes and opening the door for a potential higher low to form right at this $0.50 confluence zone. This pattern of higher highs and higher lows is a textbook indication of a bullish trend in development. You might also like: Solana price prediction: rare pattern shows SOL rally is just starting Volume has also shown a meaningful uptick during this phase, signaling that accumulation could be underway and that a potential bottom has been established. A rise in volume paired with structural support and bullish price action builds a strong foundation for continuation, but only if ADA can overcome the next key hurdle. That hurdle lies at $1.13, a resistance level that caused a rejection during its last test. The fact that sellers stepped in there previously confirms it as a significant supply zone. A clean break and daily close above $1.13 could trigger a wave of buying pressure, bringing the psychological $2.00 mark into play as the next target. What to expect in the coming price action If ADA holds the $0.50 zone and breaks through $1.13 with strength, bullish momentum could rapidly accelerate. Keep an eye on volume surges and weekly closes, they’ll signal whether this rally is just beginning. Read more: PancakeSwap Infinity brings ZK-powered intelligent UX with Brevis

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