Cardano is a major structural level with string volume backing with a major structural level. If this is the point of control, the cardano count is on the track for high-timframe resistance for Rali.
Summary
- The ADA has retrieved the point of control with the amount of strong boom, marking an important retract.
- The next reverse target is $ 1.19, where the price area is high and high-timframe resistance convenience.
- Continuous volume is required to maintain the speed of rapid speed and avoid a failed breakot.
Cardano (ADA) is currently in the process of confirming a significant speed to recover the point of control, a lead that rejected the value several times in the reject months. This time, the reclaims occurred with a clear influx of the impulsive menum and volume, indicating the growing demand and renewed strength in the market structure of the ADA.
Major Technical Points:
- Received with POC volume: A decisive rapid retract has emerged after several unsuccessful attacks.
- $ 1.19 resistance in vision: The price area high and high-timframe resistance changes to this level.
- Constant demand requirement: Bullish volume should continue to support the value as it climbs.
The mantra of the success of the point of control marks a significant change in the middle-TRM structure of the ADA. Price action for technical pivotes has shown impressive reservation, and the latest MOT is no different. The reclaim was not only clearly, but also supported by a notable spike in the volume, suggested real demand rather than a low volume push.
If the ADA can meet this level as support mainly in upcoming sessions, it determines the phase for a continuous Rali which is high, which is an $ 1.19 to rotate with high-timframe resistance. This area is an important goal for the bull and marks a complete strict rotation from the rentalos. For this, how to play, the point of control must hold to a constant menum on a weekly closing basis.
The volume profile also supports the case of speed. We are constantly looking at the flow, strengthening the idea that buyers are active and absorb supply. This demand will need to be individual as the price reaches high resistance areas, especially as sellers begin to step near historical rejection levels. If the volume is strong and the structure keeps respecting each rapid axis, then one step of $ 1.19 is likely to grow rapidly.
What is expected in the upcoming price action
The next major step of the Ada rests on its ability to hold the point of control as the basis for support. When successful, the way to $ 1.19 opens with strong technical alignment. However, delay in any weakness or volume drop course requires a new consolidation phase before another attempt.
