Technical analysis by ScramblerG about Symbol ADA: Buy recommendation (7/13/2025)

Cardano (ADA) has broken out of a long-standing descending channel and successfully retested the breakout level, showing signs of strong continuation. Key Observations: Price broke above the upper trendline of the multi-month falling channel Retest of breakout zone around 0.74 held firmly Momentum building after reclaiming key resistance at 0.8158 Entry: Current zone around 0.74–0.75 (post-retest) Targets: 0.8158 1.0876 1.3159 1.8958 Final target: 2.7652 Stop Loss: Below 0.70 (based on retest invalidation) This setup has a macro upside potential of over 285% based on the channel breakout projection. As long as ADA holds above the breakout zone, this structure remains valid and could lead to a sustained rally. DYOR | Not Financial Advice