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Cardano's 1,848 day bear market may finally be ending, but ADA is breaking out on the daily chart right into massive resistance on the weekly. In this video I go through the Cardano (ADA) pattern on the daily, the consolidation range it is approaching from before the May capitulation, and what a confirmed breakout looks like. First target is around 40 cents, with the 200 week moving average sitting at 46 to 47 cents as the last major level before ADA is truly out of its bear market. I also cover the failed breakout scenario and the 20 to 21 cent support zone where the 50 day and 200 day moving averages sit.
I also cover why this is not a Cardano problem: altcoins versus Bitcoin have been in a 1,700 day bear market that lines up with the business cycle entering contraction, and alts like Uniswap (UNI) and Avalanche (AVAX) have already broken out while ADA has not. Then I get into Midnight (NIGHT), my Cardano play for the cycle: the 4 cent short term target, the $1.6 billion market cap floor I am watching for, how its selective disclosure privacy model differs from Zcash (ZEC), and the December 4 date when the last glacier drop claims come in.
CHAPTERS
0:00 Cardano Breakout Into Weekly Resistance
0:43 Coinbase
1:42 1,848 Days Of Bear Market
1:59 Altcoins vs Bitcoin And The Business Cycle
2:58 ADA Daily Chart Pattern
3:38 The Resistance Range
4:07 40 Cent Target And Midterm Price Discovery
5:33 200 Week Moving Average
6:13 Failed Breakout Scenario
6:51 20 To 21 Cent Support
7:20 Chasing vs Accumulating
8:28 Alts Take Turns
9:22 Midnight Setup
10:03 4 Cent Target
10:36 $1.6B Floor For The Cycle
11:06 Midnight vs Zcash
12:47 December 4 Glacier Claims
13:30 Outro
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This channel focuses on macro crypto analysis, liquidity cycles, and market behavior to help long-term investors understand where we are in the broader financial cycle. I cover Bitcoin, crypto, and altcoins like ethereum, solana, cardano, sui, and more.
This content is for patient capital, not short-term speculation.
⚠️ Disclaimer: The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.