Hey traders!
Cardano ($ADA) is showing signs of a potential breakout after finding support and printing higher lows. With market momentum shifting, this could be the accumulation zone smart money has been waiting for.
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Why ADA Might Be Ready to Rally:
Key Support Zone Holding: ADA bounced off $0.7327, holding above its recent low at $0.6426.
MACD Crossover Forming: A potential bullish MACD crossover is in the works — momentum shift incoming?
RSI at 41.7: Still room to run before entering overbought territory.
Volume Steady: Healthy buy volume near $0.7446 suggests accumulating interest.
Lower Highs Breaking?: ADA is testing the short-term downtrend line, signaling a possible breakout.
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Chart Talk:
The $0.74–$0.76 range is acting as a key battleground. A confirmed break and close above $0.7584 (AVL) could trigger a move toward the previous high of $0.8643.
Watch for volume to spike — it could confirm the bulls taking over.
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My Strategy (Not Financial Advice):
Buy Zone: $0.7400–$0.7550, if price consolidates above support.
TP (Take Profit): $0.86 short-term, $0.90+ if momentum continues.
SL (Stop-Loss): Below $0.7300 to protect from downside volatility.
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Final Words:
ADA has been lagging compared to some altcoins, but the structure is clean, the support is strong, and the indicators suggest something is brewing. If you’ve been watching ADA — this might be the moment to zoom in.
Stay smart. Watch the chart. Trade the plan.
