The post Cardano holds bullish retest, why price can rally to $1.19 appeared on BitcoinEthereumNews.com.

Cardano is retesting a major structural level with strong volume backing. If this point of control holds, Cardano could be on track for a rally toward the $1.19 high-timeframe resistance. Summary ADA has reclaimed the point of control with strong bullish volume, marking a key retest. The next upside target is $1.19, where the value area high and high-timeframe resistance converge. Continued volume inflows are essential to sustain the bullish momentum and avoid a failed breakout. Cardano (ADA) is currently in the process of confirming a key bullish retest after reclaiming the point of control, a level that had rejected price multiple times in recent months. This time, the reclaim occurred with impulsive momentum and a clear influx of volume, signaling growing demand and renewed strength in ADA’s market structure. Key technical points: POC Reclaimed with Volume: A decisive bullish retest has emerged after multiple failed attempts. $1.19 Resistance in Sight: Value area high and high-timeframe resistance converge at this level. Sustained Demand Required: Bullish volume must continue to support price as it climbs. ADAUSDT (1D) Chart, Source: TradingView The successful reclaim of the point of control marks a significant shift in ADA’s mid-term structure. Price action has shown impressive respect for technical pivots, and the latest move is no different. The reclaim was not only clean but also backed by a notable spike in volume, suggesting real demand rather than a low-volume push. If ADA can maintain this level as support in the coming sessions, it sets the stage for a continued rally toward the value area high, which currently aligns with the $1.19 high-timeframe resistance. This region is a key target for bulls and marks a full structural rotation from the recent lows. For this to play out, however, the point of control must hold on a weekly…

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Filed under: News - @ July 30, 2025 1:28 am