Cardano Holders, This Is The Chart You've Been Waiting 5 Years For (ADA and NIGHT Are NEXT)

Cardano on the daily chart having a bit of a breakout but at the same exact time actually hitting massive massive resistance on the weekly 1,848 days of bare market potentially coming to an end and it all hinges on this pattern that you see on the chart. So what happens on the daily chart very important for ADA holders want to look at what to anticipate in terms of price targets a confirmed breakout and I want to look at midnight this is night on Cardono I want to talk about its entry into its first bull market targets what I'm looking for what I'm watching for in terms of what it has in terms of fuel for this cycle. So let's jump into the video. Quick shout out to Coinbase for sponsoring today's video. We're partner with Coinbase everybody. If you don't have an account with Coinbase, click the link below. Get up to $250 USDC in rewards. And if you're accumulating Cardano, if you're playing Cardano for this cycle, Coinbase and their system makes it so incredibly easy. And if you don't have an account yet, you're getting withdrawable or tradable rewards for hitting these milestones. $25 USDC just by completing your ID verification. You can click the link below, get that done in minutes. 25 USDC for just depositing 2500 USDC. Another 50 USDC for trading 10,000 USDC. That happens quickly. And so up to $250 in USDC rewards 247 dedicated concier. It's awesome when you're back there. If you have any issues, you just go back there, you message the team, and it's crazy just to be locked in and getting help when you're back in their in their app. So, sign up through the Coinbase link below if you don't have an account already. I want to start with uh Cardano on the weekly 1,848 days of bare market and I want to paint you a picture. This is not a Cardano problem real quick. Others BTC that 1,800 days makes complete sense. Here's the top of altcoins versus Bitcoin. Here is the business cycle entering into contraction, right? And we've been suppressed for years. And so this chart, altcoins versus Bitcoin, is 1,692 days, around 1,700 days of just bare market versus Bitcoin. The whole point here is when we're starting to study and look at the Cardano charts and even the midnight charts is all of that contraction, which was record-breaking on the business cycle and economic just contraction is coming to an end and we're entering a season of economic expansion. And that's part of my thesis. It's not a guarantee, but if we are entering expansion, this is where altcoin bull markets begin and this is where they happen. And so this is very meaningful right now for Cardano if you're a Cardano ADA holder because right now this might be actually breaking out the altcoin versus Bitcoin chart. So if we go in here into Coinbase, this is the weekly. This is what it looks like. Over 1,800 days of just down and sideways. it. You know, when we're looking at this chart, it's like, man, Cardano was just here around $3 just I mean, this was 2021. This was 5 years ago, everybody. And here we are right now in 2026. And we're we're talking about a shift out of an incredibly difficult bare market. And it really does kind of start here on this on this daily chart where in this pattern we see that Cardano hit 13 cents and we started kind of creating this higher higher low structure. The reason I'm saying and I want to talk about targets to the upside and breakout here. The reason I'm saying there's resistance is because before we had this capitulation back here in May into June, there was this consolidation range that Cardono was kind of trading within. This exact range is what Cardano is approaching right now. So even if we just put aside the structure that is setting up here, Cardano is in this range and there's just clear there's just clearly going to be this resistance in here. Now what makes it kind of good if you're an ADA holder is this. If Cardano starts escaping not only the pattern, right? If it starts escaping the pattern and actually escaping this range, we go into what we can call kind of like a midterm price discovery. It's not like all-time high price discovery clearly, but it's this midterm exit out of the bare market price discovery. The first target for Cardano out of that price discovery is pretty much in this 40cent range. And you you'll notice immediately why that's notable is because when you start zooming out on the chart, right? Right. And if we want to try and put a picture to this, start zooming out on the daily chart and you're like just eyeing up this range of 40 cents, you just notice it's kind of just this very meaningful area where we've seen Cordano in different parts of the cycle just kind of consolidate or see resistance, right? And and what we would anticipate at 40 cents for Cordono on the way out of this entire bare market would be if it hits that target, it's a pattern target of around 40 cents. Well, then we might see resistance or we might see consolidation. That becomes meaningful when we start looking at and studying the weekly chart because now we're talking about the macro shift really out of general. We got to break milestones, right? that first target of 40 cents, a dollar, the dollar milestone is ridiculous. But along the way are these moving averages. And I just want to point out to you the 200 week moving average, which is the last big moving average for Cardano to break, sits at around 46 to 47. So if Cardano's hitting this 40 target to the short term, there could be resistance there. But at the same time, the range is really range of resistance is 40 to 46 cents. If Cardano starts breaking out of that area and above, we're going to really start talking about Cardano entering its its bull market. We could say Cardano is entering its bull market now. It's exiting its bare market. We could say that. But we have to be very careful because if we go back to the pattern now and we can talk about if this fails because again we are at resistance. It means we might have a failed breakout here. We might fall back into this range and and we want to be very mindful of that. Right? So we're at this resistance. We talked about this entire area. We fail, right? Crypto has a little consolidation right now and Cardano doesn't have its breakout moment. This might be if you're in Coinbase for instance, one of the final opportunities for accumulation for Cardano. If you're interested in accumulating, you might want to be in Coinbase and start setting buy limit orders down in this area potentially. We have the 200 day moving average is down here around 21 cents. The 50 is around 20 cents. The the 20 and the 200 actually are basically right around the same area. It's that 21 cent area. You know, if you're somebody who's like, I've just been continuing to accumulate. If we get a dip here, I'll just set my my buy limit orders in Coinbase and I'll just continue accumulating until we break out of this range. Right? We kind of looked at this this concept of these cryptos. A lot of them are still in their bottoming out accumulation range. Some of them broke out and if you started accumulating now, you'd be chasing that pump. Right now, Cardano is not one of those coins where you'd be chasing. It hasn't had this breakout moment like things like Uniswap or AVAX. For Cardano, what that looks like, if Cardano had that moment, it would be a break out of this resistance that it's at right now and to its target of 40 cents. And then boom, we're in the same camp as you know what UniS swap is doing, what what um uh Avac is doing and all these other coins that have already broken out. And from swing lows at that moment, Cardano will be approaching 200% gains. Maybe that's not as high as something like Uniswap. I believe it's closer to 300%, but this is what Cardano exiting the bare market could look like. And that's the move. But you can notice we still might be in accumulation zone. And if you're in Coinbase and you want to market buy, you want to just put buy limits, continue your DCA, Coinbase makes that very easy. Um, so this is what I'm watching for for Cardano. It is 40 cent target to the upside if it starts kind of just escaping the range everybody. This is what altcoins have been doing. They take turns. Cardano oftent times is kind of towards the end of that right last in line. Sometimes it's the beginning but this is how crypto works. And then to the downside it really is I want to see if Cardano fails and we start consolidating what's going on at these moving averages. It's a very uh small range of, you know, 20 to 21 cents of support is what we'd really want to see Cardono hold. It's not like game over at all. If we fall back into the range and we get the fake breakout right now and we retest it and we're we're kind of maybe Cardano is making its move in the next week or one to two weeks. Um that's something to keep an eye out for. So that's price action for Cardano, but you can see how it kind of translates on the weekly. It really is a very important kind of just pivot point out of this 1,800 day bare market. Midnight, what I wanted to mention, just a couple things for, you know, for this video. Midnight, Midnight is my Cardano play for the cycle. I've been pretty clear about that. It's just the asymmetric play. It's run by IOG. IOGG ran Cardano to almost hundred billion dollar market cap last cycle. Midnight's sitting at what, like it's like 300 million market cap or something, maybe almost 400 million. So, we can talk short term. I'm watching to see. And and Midnight has a similar kind of setup structurally as Cardano. Higher highs, higher lows. It's kind of failing to break out even even in a in a weaker sense than Cardano. But first target is close to 4 cents out of this. I think that's meaningful in the very short term just because we'd be really capturing just this area that Midnight was in before this whole entire bridge was hacked and Midnight was stolen. That's not a midnight hack, that was just a bridge, but Midnight was stolen and sold. So recapturing this range, that's like very important. But that's what this could lead to. If if Midnight makes its breakout, we're capturing that range. But for me, what I'm watching in terms of Midnight, if you look at this brand new chart, this is Midnight's first cycle, you can just see this billion $1.6 billion market cap. And that's kind of this range where price was starting to trade right when Midnight Right when Knight was launched. I'd be watching and waiting really for a floor to start building here for the cycle. Um, the upside for for Knight is is there. I mean, this is only $1.6 billion market cap I'm talking about, everybody. And by the way, this is Cardano's privacy chain for selective disclosure. So apps can use private data without going fully dark. For context, we think of Zcash right now. Zcash is massive. It's growing. It keeps breaking all-time high. It has the privacy narrative. But I want to point out to you, Zcash is money. It's private money. And that's the narrative. And that's fine. That's its lane. You can't compare Zcash to midnight. And so that's what also makes me very bullish on on Knight is because it has the privacy narrative, but it's solving a different problem that Zcash does not solve. Midnight is programmable data protect protection, which in the the current state of crypto and the incoming state of crypto and you think about the agentic economy alone that will be on crypto, this is very important. Uh this this privacy feature and Midnight is offering it in an incredibly powerful way. So the the value plays here for Knight as it sits pretty well below a billion dollar market cap. So 1.6 billion capturing that and and creating that as a floor for the cycle is important. And then from there it's there's a ton of upside. I mean you're just looking at some I would just say very realistic targets. I didn't even go crazy. I didn't put a hundred billion dollar market cap on this chart. I put 12 billion and$ 24 billion market cap. Last cycle. Cardano just blew those numbers out of the water. So there's even more upside than what you see here on this chart. But I wanted to kind of start with a zoomed in analysis target close to 4 cents. Let's see if we can get there. That's important on the shorter term and then closer to the midterm. 1.6 billion market cap. Capturing that as a floor and then seeing how this cycle goes and then upside from there. And by the way, I have this green line. This is um December 4th where the last Glacier claims come in because there's probably been some sell pressure from just people claiming their night tokens and selling them. That's fine. But when that ends, be prepared. So maybe a couple of months left, two and a half months or so left of just kind of the the speculation of is there going to be some type of um sell off because people are selling tokens. Obviously, we've had this happen like three times already. This is the last quarter. I think it's four of these thaws. But once it's over, everybody, well, then Knight has even more upside in terms of pressure cooker upside. So, um, those are my thoughts today, everybody. I appreciate you watching. 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