ADA Technical Analysis: 9 MAY 2025
ADA initiates the bullish breakout! Source: TradingView
General View
After an extended consolidation phase, Cardano has decisively broken out of the range, initiating the second leg of its bull flag pattern. This move signals bullish continuation and suggests the prior trend may be resuming. Meanwhile, on the 12-hour chart, a potential cup-and-handle structure is forming, further strengthening the bullish outlook.
On The Upside
ADA’s breakout above the descending trendline marks a key technical shift, with price now pressing toward the $0.75 region as the next resistance zone. This is the neckline resistance level, breaking which would set the tone even more bullish with $0.80 and $0.84 as the next upside targets.
On The Downside
Immediate support now lies at the breakout zone near $0.728 to $0.725 levels. These are important levels that ADA needs to hold to maintain the ongoing bullish momentum. Any weakness below these supports would push ADA for a deeper pullback into $0.705 to $0.700 levels.
ADA in a cup and handle pattern. Souce: TradingView
