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ChatGPT Claims $ADA is Waking Up – Could $3 be Back on the Table?
Cardano ($ADA) hasn’t looked this bullish since 2021. After grinding sideways for what felt like an eternity, $ADA is suddenly back in the spotlight. It just reclaimed all its major weekly EMAs (50, 100, 200), tapped $0.92 for the first time in months, and closed out a +38.61% run over the past 30 days. Open interest has exploded past $1.7B, and on-chain data shows whales quietly loading their bags.
Now, ChatGPT’s technical model is calling for a breakout that could send $ADA to $1.50-$2.00 by Q4. And if the rally holds, a return to its all-time high near $3 is no longer so far-fetched.
Key Levels and Technical Setups Backing the Bullish Case
$ADA is pressing into the apex of a 3-year descending triangle, forming a rare double-cup structure that often precedes macro breakouts. ChatGPT says traders are watching the $0.93-$0.98 zone closely – historically a sticky resistance area and the final ceiling from the 2023 range. If $ADA clears that, $1.00-$1.10 becomes the next psychological battleground. A clean weekly close above $0.93 would flip the long-term structure bullish and invite serious momentum.
What’s Fueling the Fire?
ChatGPT indicates there’s meat behind the move. Whale wallets are quietly accumulating, and on-chain volume is picking up fast. CardanoKit’s Apple Pay integration has also added a shot of real-world relevance that $ADA hasn’t had in a while. Throw in chatter that $ADA may be classified as a commodity under new U.S. rules, and suddenly institutions have a clearer regulatory runway. These headlines shift Cardano from a speculative side-bet to something legacy money can start to touch.
The Risks That Could Derail It All
$ADA’s been rejected at $0.93 before. Until that level is convincingly broken, it’s all potential. Add to that a surge in open interest, and there’s a real risk of leveraged longs getting wiped if momentum stalls. Meanwhile, Bitcoin dominance is creeping higher again after the alts had their moment, which historically cools off alt rallies like $ADA’s.
Bottom line: Cardano has tailwinds, but it’s still tethered to the broader market. Without confirmation above $0.93 and a supportive macro backdrop, the bullish case remains on thin ice.
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Source: bitcoinist.com
