ADA breaks free from 915 days of confinement, bull market rises, about to ignite a wealth nuclear explosion?
Breakthrough of long-term consolidation zone
Last month, ADA broke through the consolidation zone that had lasted for 915 days since May 2022. In November 2024, the month of the breakthrough, it generated the highest bullish trading volume ever recorded.
Bull market bottom rises
From the perspective of the entire bull market, ADAUSDT is emerging from the bottom. This is just the beginning, and it has ample room for growth. This chart is not intended to showcase the potential for new historical highs or how high Cardano can rise in 2025, but rather to display short-term trends based on long-term charts.
Key support and subsequent trends
The main support level is at 0.8875, which is the resistance level that was overcome during last month's bullish breakout. With this breakthrough, ADAUSDT has reached its highest level since May 2022. As long as the ADAUSDT trading price remains above 0.8875, we are extremely bullish and can immediately see additional growth. If it falls below this level, the chart still maintains a very strong stance above 0.6330.
Once ADAUSDT rises above 1.30, we can expect it to reach 2 dollars next. Everything depends on the current trend in December, the chart shows an upward movement and indicates additional growth. This month has just begun and there is still a long time ahead. Give this trading pair some time to build momentum, just to witness its growth. There is no doubt we are bullish and look forward to subsequent price increases.
