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Is Cardano (ADA) Gearing Up for a Bullish Move? Key Fractal Formation Saying Yes!

Is Cardano (ADA) Gearing Up for a Bullish Move? Key Fractal Formation Saying Yes!

CoinsProbeCoinsProbe2025/10/08 18:54
By:Nilesh Hembade

The cryptocurrency market is seeing a notable retracement today after a strong bullish run that recently pushed Bitcoin (BTC) to a new all-time high of $126,000 before slipping back to around $121,000. Meanwhile, Ethereum (ETH) has dropped over 5%, adding short-term pressure across major altcoins, including Cardano (ADA).

Despite being down by over 5% today, ADA’s latest technical structure is starting to show signs of a potential bullish setup — one that may soon mirror Binance Coin’s (BNB) recent breakout rally.

Is Cardano (ADA) Gearing Up for a Bullish Move? Key Fractal Formation Saying Yes! image 0 Source: Coinmarketcap

ADA Mirrors BNB’s Breakout Pattern

A closer look at the weekly chart reveals a striking similarity between ADA and BNB, both of which have followed comparable fractal structures.

Earlier in May 2025, BNB broke out of its downtrend line and experienced a significant surge before retesting its 50-week moving average (MA) as support. That retest led to a powerful rebound — triggering an ongoing rally of more than 118% from its retest point.

Is Cardano (ADA) Gearing Up for a Bullish Move? Key Fractal Formation Saying Yes! image 1 BNB and ADA Fractal Chart/Coinsprobe (Source: Tradingview)

Now, Cardano appears to be repeating the same pattern. ADA has also broken out of its downtrend line, made an initial rally, and is currently undergoing a retracement — testing its own 50-week MA support near $0.7902, the same technical zone from which BNB began its major upward move.

What’s Next for ADA?

If ADA continues to follow the same fractal path as BNB, the current pullback could serve as a springboard for a sharp upward move. The key area to watch is the 50-week MA support ($0.7902) — holding above this level will be crucial for confirming strength.

Additionally, the RSI indicator is showing a developing bullish crossover signal. ADA’s RSI line (currently at 54.19) needs to cross above its moving average line (56.10) for confirmation of renewed momentum. Once confirmed, the next potential target could be near $1.70, aligning with the recent fractal projection.

Of course, fractals aren’t guarantees — they represent historical patterns that sometimes repeat, but not always. However, the resemblance between ADA’s current structure and BNB’s previous rally is too close to ignore.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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