🚀 Cardano’s $1.75 Moon Shot: Golden Cross, Trendline Break, and Short Squeeze Drama! 🤑

by

Oh, darling, Cardano’s price prediction is serving us a cocktail of technical shifts and market drama, and it’s all pointing to a potential upside that’s as thrilling as a Bridget Jones diary entry. After reclaiming its descending trendline (yes, it’s like ADA finally ditched that toxic ex) and flashing a golden cross (hello, bullish bling!), it’s now flirting with zones that could trigger a short liquidation party. 🎉 Pop the champagne, anyone?

Technical Shift: ADA’s Glow-Up Moment ✨

Cardano’s price has reclaimed its major descending trendline, which is basically the technical equivalent of a makeover montage in a rom-com. This breakout, after several failed attempts (we’ve all been there, haven’t we?), is a big deal. It’s like ADA finally found its confidence and is strutting its stuff. Structurally, the chart shows it breaking free from a long consolidation phase, with the trendline now acting as a supportive BFF. As long as buyers keep showing up like loyal friends, momentum could build. 💪

From a Gordon’s perspective (because who doesn’t love a fancy analysis?), the upside projection targets the 0.786 retracement level near $1.75. That’s right, honey, $1.75! It’s like the chart is saying, “You go, Glen Coco!” The immediate task? Hold above the breakout zone. If ADA does that with healthy volume, it’s like a sustained recovery leg is on the menu. The setup? Constructive. The trendline break? A major glow-up. 💅

Golden Cross: Bullish Bling Alert 💎

Cardano just confirmed a golden cross on its daily chart, shared by TapTools. It’s the technical equivalent of a “he’s just not that into you” moment turning into a “he’s totally into you” revelation. The 50-day moving average crossed above the 200-day moving average, signaling a shift from a prolonged downtrend to a potential accumulation and recovery phase. Bullish? You bet. 🦬

Building on the trendline breakout, this crossover is like the universe saying, “Yes, ADA, you’re doing amazing, sweetie.” Buyers are regaining control, and the moving averages are pointing toward sustained momentum. If ADA holds above the $0.82 to $0.85 zone while keeping the golden cross intact, it’s smooth sailing to higher targets. Ahoy, bull market! ⚓

Short Squeeze Risks: Popcorn Ready? 🍿

Cardano’s liquidation map is like a reality TV show waiting to happen. Over $90M in shorts are vulnerable if the price hits $0.97. At $0.876, sellers are still in control, but the cluster of liquidation points just above this range suggests a sharp breakout could be as dramatic as a season finale. Will the shorts survive? Stay tuned! 🎬

The trendline breakout and golden cross are like the bulls’ pep talk, and a squeeze here would confirm their comeback. If buyers absorb supply and force shorts to cover, it could be the catalyst for a stronger upside continuation. Bullish structure? Check. Drama? Double check. 🎭

Sentiment Diverges: But ADA’s Got This 💃

Av_Sebastian notes that only a handful remain bullish on Cardano, but the technical structure is like that reliable friend who says, “You’ve got this.” ADA has defended the $0.85 to $0.87 support region like a boss, keeping its higher low formation intact. Consolidation? More like accumulation. Sellers can’t push it down, and that’s a constructive base right there. 🏗️

If the price builds above this demand zone while eyeing the $0.97 liquidation trigger, it could flip negative sentiment into fuel for the next move higher. Bearish mood on social platforms? Contrarian indicator, darling. Technicals? Favoring a momentum regain. Mic drop. 🎤

Final Thoughts: ADA’s Path Forward 🚀

Cardano’s price prediction is leaning more constructive than a Bridget Jones happy ending. The breakout above its descending trendline, coupled with the golden cross, points to improving momentum that could flip sentiment faster than Mark Darcy says, “I love you.” Add a potential short squeeze above $0.97, and ADA’s got the recipe for a stronger leg higher. 🍳

The key? Hold support between $0.85 and $0.87. If it does, it’s a push towards $1 and beyond. But if sentiment slips, ADA might face renewed tests. For now, the technical resilience suggests the bulls still have a path forward. So, grab your popcorn and watch this space. 🍿

Read More

2025-09-17 22:30