After a period of adjustment, ADA began to show rebound momentum.

From a technical perspective, ADA’s ascending triangle pattern and increasing retail interest provide strong support for a potential bullish breakout. According to Santiment data, retail interest in ADA has increased significantly in recent weeks, and although the number of active addresses has declined after peaking at the beginning of the month, it has now begun to rebound. This trend indicates that individual investor interest in ADA is gradually increasing, providing additional upward momentum for the price.

From a fundamental perspective, ADA also shows a positive trend. ADA’s open interest has increased over the past period, and despite the slight decline, the overall upward trend suggests traders are confident in ADA’s short-term potential. They are preparing for further price action in ADA, expecting it to break out of current resistance and achieve higher price levels.

In addition, Cardano’s historical fractal pattern also provides a reference for ADA’s future trend. Historically, the fourth quarter tends to see a pre-bull market rally, which often triggers a larger and more sustained bull market in subsequent months. After an apparent period of consolidation, buyers managed to build enough momentum to fuel an ongoing bull market. Therefore, there is reason to believe that ADA is expected to achieve new breakthroughs in the future after going through a period of adjustment.

Although fractal patterns offer optimistic predictions, caution is warranted. Cardano, as an older altcoin, faces stiff competition from emerging currencies and innovative projects. Cardano will face certain challenges when it comes to attracting investor attention. Therefore, investors should fully consider factors such as market trends, project development, and personal risk tolerance when making decisions.

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