#CARDANO High Timeframe analysis :-
➡️ #ADA has experienced a significant decline of nearly 93% from its all-time high but has recently found support along the trendline that previously served as a support level before the breakout. Following this, the price broke out and retested the counter trendline, subsequently finding support near the $0.3000 level.
➡️ Currently, the price has bounced back from this support and has broken out of the trendline, suggesting a potential continuation of bullish momentum in the near future.
➡️ It is anticipated that the price will rise approximately 622% from its current level, with a target of testing the all-time high. The $0.4250 level is identified as a favorable entry point for long-term investment. As the price approaches these bottom levels, it is poised to initiate a bullish rally.
✅ For those who already hold long positions, it is advisable to maintain them for potential further gains.
