Cardano: Additional Growth Is Possible
2024-12-02

Last month ADAUSDT (Cardano) broke a consolidation range that was active for 915 days, since May 2022. This breakout month, November 2024, produced the highest bullish volume ever.

Based on a bull-marketwide perspective, ADAUSDT is coming out of a bottom. This is only the beginning, there is plenty of room available for growth.

This chart is not intended to show new All-Time High potential nor how far up Cardano will go in 2025, but rather, the intention is to show short-term action based on a long-term chart.

The main support sits at 0.8875, this is the resistance level that was conquered with last month's bullish breakout. With this breakout, ADAUSDT hit its highest level since May 2022.

As long as ADAUSDT trades above 0.8875 we are super-bullish and can see additional growth, immediately. If it moves below this level, the chart continues super strong above 0.6330.

As soon as ADAUSDT moves above 1.30, we can expect $2 to come next. It all depends on December, now... Where will it go? How will it move?

The chart is saying up and points towards additional growth. The month is young, the month is long. Allow some time for this pair to recharge only to see it grow.

No doubt we are bullish, expect to see higher prices next.
Cardano is going up.

Thank you for reading.

Namaste.