Technical analysis by ScramblerG about Symbol ADA: Buy recommendation (7/12/2025)

Cardano is showing a major breakout from a long-standing descending channel on the daily timeframe. Structure: Downtrend channel respected for ~7 months Breakout confirmed with a strong bullish daily candle Price hovering around $0.7192, above previous resistance Support Levels: $0.60 $0.5299 Resistance / Long-Term Targets: $0.8158 $1.0876 $1.3159 $1.8958 Ultimate target (Fib extension): $2.76+ Outlook: The 285% potential move mirrors ADA’s past rally from similar conditions. If market sentiment continues improving and BTC holds above key levels, ADA might repeat history. A pullback to $0.60–$0.66 could offer re-entry opportunities. Bias: Bullish (long-term) Caution: Not a trade setup—strictly an outlook. Watch BTC/ETH correlation. DYOR | Not financial advice