The downtrend that pushed ADA lower and lower over October has now been broken, putting bullish Cardano price predictions back on track.
The altcoin has seen renewed participation as broader FUD tied to the U.S. government shutdown clears, with the Senate passing a continuing resolution during late Monday trading.
Though the trendline faces pressure again today, with the initial buy-the-news reaction giving way to sell pressure and a retest around $0.57.
Coinglass futures data also only shows moderate speculative demand despite the technical shift. Open interest has added around $9 million, suggesting traders are not willing to bet on the setup just yet.
Market participants may be awaiting stronger technical signals before taking positions.
Cardano Price Prediction: What are Traders Waiting For
While the Cardano price has broken above its month-long downtrend, it’s now facing resistance at a key former demand zone around $0.60.
Bulls have yet to fully seize control, and momentum indicators reflect that hesitation.
The RSI has stalled near 40, while the MACD histogram is flattening with only a narrow lead above the signal line, suggesting the uptrend remains fragile.
A shakeout scenario could see ADA retest its $0.52 launchpad level, aligning with the lower boundary of a year-long descending triangle, potentially forming a stronger double-bottom reversal setup.
For confirmation of a sustained breakout, $0.60 remains the key level to watch. Reclaiming it as support could open the path toward $0.82, the critical breakout threshold for the pattern.
Fully realised, a triangle breakout could see upside extend 300% to could see upside extend to $2.25. However, near-term support levels remain crucial levels to watch.
A fully realized triangle breakout could propel ADA as high as $2.25, a potential 300% move.
For now, however, short-term support levels remain pivotal levels to watch.
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