$ADA Caught in a Tight Zone – Will Bulls Defend or Bears Take Over?
ADA/USDT is currently trading at $0.7152, showing modest intraday gains of +3.94%. Price is stuck below resistance while holding above key support, signaling a potential breakout—or a possible trap. Volume remains stable, and the order book is almost evenly split.
Key Levels to Watch:
• Resistance: $0.7200 – A breakout above this level could trigger a move toward $0.7280 and $0.7360.
• Support: $0.7140 – A breakdown below this level could drag price back to $0.7050 and $0.6960.
Trade Setup – ADA at the Edge of Decision
Bullish Scenario:
• Entry: On a confirmed breakout above $0.7200
• TP1: $0.7280
• TP2: $0.7360
Bearish Scenario:
• Entry: On a clean breakdown below $0.7140
• TP1: $0.7050
• TP2: $0.6960
Stop-Loss: Use tight stops below support for long entries and above resistance for short entries to manage risk effectively.