Massive CARDANO Breakthrough for ADA Holders! (PREPARE For Dip)

In this video, we'll discuss the current state of the crypto market, focusing on Cardano (ADA) and its recent developments. ADA is on the verge of putting in a higher high on the weekly chart, signaling a potential shift from a bear cycle to a bull cycle. However, we should be cautious due to the 200-week moving average resistance, overbought weekly RSI, and potential consolidation on the daily chart. The hourly chart shows a possible head and shoulders inverse pattern targeting 65 cents, but ADA could also consolidate around the 60-61 cent range and fall back to the 20-day moving average at 42 cents. Despite short-term obstacles, the Cardano ecosystem is thriving, with many projects gaining against ADA even when ADA is consolidating or falling against USD, presenting opportunities for gaining ADA in preparation for the next cycle.