Cardano (ADA) held firmly above $0.46 on Tuesday after posting an 8% gain over the past 24 hours, supported by a broader market rebound. The momentum follows a major downtrend break, with ADA climbing nearly 10% in the last 7 days as buying pressure increases.
According to market analysts, Cardano’s latest technical breakout signals a potential 30–40% upside move in the near term. The bullish sentiment is also strengthened by gains in Bitcoin, Ethereum, XRP, and Solana, all rallying ahead of today’s Federal Reserve rate-cut decision.
Further excitement came from Midnight’s NIGHT token listing on Binance Alpha, announced on December 9, with airdrops distributed to eligible users. This development added fresh optimism to the Cardano ecosystem.
A key trendline that had been suppressing ADA’s price since early October has now been broken—an important reversal signal for traders.
Trendline Breakout Ignites Bullish Predictions
Crypto analyst Charts recently identified a major breakout on Cardano’s 4-hour chart. The move above strong resistance levels suggests a possible price acceleration, with projections pointing to a 30–40% rally if momentum continues.
The breakout has boosted market confidence, with participants increasingly expecting ADA to extend its upward move. If the bullish wave sustains, Cardano could trigger renewed strength across the wider crypto
Market.
