Cardano’s Bullish Retest Sets Stage for $1.19 Surge—Here’s Why

Cardano isn’t just holding—it’s gearing up for a breakout. After a bullish retest, ADA’s price trajectory looks primed for a run toward $1.19. Here’s what’s fueling the momentum.

The Retest That Matters

ADA’s recent consolidation wasn’t a stall—it was a reload. The network’s resilience at key support levels signals strength, not hesitation. Traders eyeing the charts see a textbook setup for the next leg up.

Why $1.19 Is in Play

Market structure, liquidity pools, and a sprinkle of hopium suggest ADA’s path of least resistance points north. With Bitcoin stable and altcoins itching for a rally, Cardano’s fundamentals—plus a dash of speculative frenzy—could send it soaring. Just don’t tell the ‘efficient markets’ academics.

Timing? That’s the one variable even the most overleveraged degens can’t control. But if history rhymes, ADA’s next stop might just be a 20% climb. Or, you know, another chance to ‘buy the dip’—because in crypto, there’s always a next time.

Key technical points:

• POC Reclaimed with Volume: A decisive bullish retest has emerged after multiple failed attempts.
• $1.19 Resistance in Sight: Value area high and high-timeframe resistance converge at this level.
• Sustained Demand Required: Bullish volume must continue to support price as it climbs.

The successful reclaim of the point of control marks a significant shift in ADA’s mid-term structure. Price action has shown impressive respect for technical pivots, and the latest MOVE is no different. The reclaim was not only clean but also backed by a notable spike in volume, suggesting real demand rather than a low-volume push.

If ADA can maintain this level as support in the coming sessions, it sets the stage for a continued rally toward the value area high, which currently aligns with the $1.19 high-timeframe resistance. This region is a key target for bulls and marks a full structural rotation from the recent lows. For this to play out, however, the point of control must hold on a weekly closing basis to confirm sustained momentum.

The volume profile also supports the bullish case. We’re seeing consistent bullish inflows, reinforcing the idea that buyers are active and absorbing supply. This demand will need to persist as price approaches higher resistance zones, particularly as sellers begin to step in NEAR historical rejection levels. If volume remains strong and the structure continues to respect each bullish pivot, a move to $1.19 becomes increasingly likely.

What to Expect in the Coming Price Action

ADA’s next major move hinges on its ability to hold the point of control as a base of support. If successful, the path toward $1.19 opens up with strong technical alignment. However, any weakness or volume drop could delay the move, requiring a new consolidation phase before another attempt higher.