🟢 1. Market Structure & Context
The ADA chart shows that after sellers’ failed attempts to keep price below $0.70, bulls regained control with a Break of Structure above that level. Initially we saw a strong Change of Character (CHoCH) around $0.68–0.69, when a retest triggered volume spikes—proof of institutional interest. Then ADA quickly captured $0.70 and climbed toward a weak high near $0.745–0.750. It is now consolidating in the $0.71–0.73 band, digesting the rally and gearing up for the next leg.
🟢 2. Key Levels
- Resistance $0.745–0.750: the zone of weak highs and concentrated sell orders.
- Primary Support $0.71–0.73: current consolidation after the breakout, with visible horizontal accumulation.
- Secondary Support $0.68–0.69: the CHoCH area and critical point for bullish control.
- Deep Base $0.62–0.64: buffer for deeper corrections, historically backed by medium-term buy volume.
🟢 3. Volumes in Focus
- A surge in volume on retests of $0.68–0.69 signals large long entries.
- Moderate volume growth approaching $0.745 suggests sellers’ attempts remain weak.
- In $0.71–0.73, average activity indicates the market is digesting the move and preparing.
🟢 4. Important Technical Signals
- BOS Up through $0.70: confirms the bullish shift.
- CHoCH at $0.68–0.69: the first clear bull reclaim.
- Multiple Rejections at $0.745: sellers defending, but lack of volume hints at bull strength.
- Consolidation in $0.71–0.73: a setup phase ahead of the next push.
🟢 5. Possible Scenarios
Bullish: Holding $0.71–0.73 and breaking $0.745 on volume targets $0.78–0.80, then potentially $0.85 if momentum persists.
Bearish: Failing $0.71 with a break lower and retest signals selling; look for $0.68–0.69, then $0.64–0.65 for deeper correction.
🟢 6. Strategic Recommendations
- Long: enter on a bounce from $0.71–0.72 with volume confirmation; stop under $0.70; targets at $0.745–0.750, then $0.78.
- Short: short rejections around $0.745–0.750; stop above $0.755; targets $0.71, then $0.69–0.68.
ADA is currently in a healthy bull consolidation beneath $0.745, and a decisive break through these ranges on solid volume will dictate its next strong move. Keep a close watch on those levels.
My recommendation : to buy it‼️
