$ADA/USDT — Potential Long-Term Breakout

Cardano is showing a major breakout from a long-standing descending channel on the daily timeframe.

Structure:
Downtrend channel respected for ~7 months
Breakout confirmed with a strong bullish daily candle
Price hovering around $0.7192, above previous resistance

Support Levels:
$0.60
$0.5299
Resistance / Long-Term Targets:
$0.8158
$1.0876
$1.3159
$1.8958
Ultimate target (Fib extension): $2.76+

Outlook:
The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history.

A pullback to $0.60–$0.66 could offer re-entry opportunities.

Bias: Bullish (long-term)
Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation.

DYOR | Not financial advice