🔷️ Ascending Pressure: $ADA Shatters Descending Resistance
Following up on our previous study. In our last review, we noted $ADA was tightening within an ascending structure, with buyers consistently absorbing supply along the rising trendline.
That accumulation phase has now resolved into a bullish breakout. Price action has decisively broken above the purple descending resistance line while maintaining firm support above the black ascending trendline, successfully pushing through and securing green horizontal support levels.
With structural momentum swinging back in favor of buyers, the chart is now targeting the upper yellow resistance bands overhead. Holding above the newly reclaimed green floors remains key for sustained upward continuation. 📈
⚠️ Not financial advice.
#ADA #Cardano #Crypto #Altcoins #Web3