📉 Earlier this week, the crypto market saw a sudden sell-off, dragging Bitcoin from its new all-time high of $69,000. This affected altcoins like Cardano, which dropped over 10% on March 5th. However, the daily chart shows a long-tail rejection, suggesting buyers are defending new support levels.

📈 ADA, Cardano's native cryptocurrency, has experienced consistent growth over the past five weeks, climbing from $0.447 to $0.79. This 78% surge, accompanied by occasional pullbacks and increasing volume, indicates sustainable growth.

📈 Despite the recent market turbulence, ADA has held steadily above the breached neckline at $0.68. Over the last two days, the altcoin has surged 8% to reach $0.75. This pattern suggests buyers may drive Cardano towards a theoretical target of $1.146, marking a 51% potential growth.

⚠️ On the flip side, a breakdown below $0.68 could signal weakening bullish momentum and potentially trigger a new correction trend.