Cardano Targets 79% Gain as Bullish Breakout Looms

Cardano's price is on the cusp of a significant breakout, according to analyst Dan Gambardello. The cryptocurrency has been testing the 200-day moving average resistance, a critical level that, if surpassed, could confirm bullish momentum. Currently, ADA is trading at the lower end of the bull market range, targeting the $1.20-$1.25 area. The weekly chart indicates a potential separation from key moving averages after months of resistance, suggesting that a breakout could be imminent.

ADA has been challenging the 200-day moving average, a level that has previously acted as a strong resistance. The daily chart shows that the cryptocurrency has briefly surpassed this level but has since fallen back. Today, ADA is once again testing this significant level, and a consistent breakout above it would be a strong bullish signal. The lower high Fibonacci resistance is at approximately 79 cents, and both this level and the 200-day moving average need to be overcome for the next uptrend.

The daily chart technicals show swing high to swing low patterns, indicating that a breakout is required for ADA to move away from the region of lower highs. The token needs to close candles above these levels repeatedly to confirm bullish momentum. The weekly chart displays potential separation from key moving averages after months of resistance. ADA has been intermingling with resistance at macro moving averages, and breaking to the 79-80 cent area could create real separation from these moving averages.

Cardano price sits at the lower end of bull market doors, according to the analysis. Real bull confirmation requires reaching the upper range at $1.20-$1.25 levels. The bull market doors concept tracks key resistance and support zones, and Cardano currently tests the bottom of this important technical area. Breaking into the upper portion confirms genuine bull market territory entry. The $1.20-$1.25 range marks where real fun starts for ADA holders, triggering increased attention to risk models within trading systems. Risk scores begin rising slowly as Cardano enters these higher levels, and bull market territories show risk scores in the 70s, 80s, and 90s. These levels generate alerts within intelligence systems for members tracking progress. The risk model becomes more relevant as ADA approaches parabolic phases.

Current positioning shows Cardano is in pre-bull market territory. The cryptocurrency requires to move to the upper bull market doors. Breaking above the current resistance opens the path toward these higher targets. Multiple altcoins face similar technical setups requiring bull market door breaks. Cardano leads this group but needs confirmation through sustained price action. The analyst's forecast suggests that if ADA can break above the 79-cent level and the 200-day moving average, it could be on its way to the $1.20-$1.25 range, confirming a bull market. However, this is contingent on sustained price action and the ability to close candles above these levels repeatedly.