$ADA /USDT- Bullish momentum with recent breakout past $0.92, as of today. Support has formed around $0.90–$0.92; immediate resistance lies at $0.9548, with a further target near $1.02.
Fibonacci Levels:
Cardano has successfully broken above the 61.8% Fibonacci retracement level, signaling bullish potential. Analysts highlight upside extension targets including $1.08, $1.26, and $1.50, contingent on sustaining momentum.
Previous analysis also points out a breakout above the 0.786 retracement, pushing focus toward the 1.618 extension (~$1.20).
RSI:
TradingView indicates a StochRSI in overbought territory, while RSI reads around 63.26 (Buy).
Other reports show RSI at 74.26, entering overbought territory, but caution that strong trends may sustain such levels.
Overall, momentum is strong—with current RSI in bullish or overbought zones.
Entry Zones:
Safer: Around the confirmed breakout support at $0.90–$0.92.
Aggressive: On dips to mid-range levels such as $0.85–$0.88, especially if price retests the breakout.
Take-Profit Zones:
TP1: $1.08–$1.10, aligning with Fibonacci extension levels and breakout targets.
TP2: $1.26–$1.50, stretching toward extended Fibonacci resistance zones, including the 1.618 level and upper chart targets.
Stop-Loss Ideas:
Conservative: Just below breakout support at $0.89–$0.90.
Tight: Around $0.88—close to the aggressive entry zone to limit downside risk.
